• Return to Headlines

Look for Shares of Simon Property to Potentially Rebound after Yesterday's 3.19% Sell Off

By Shiri Gupta

Simon Property (NYSE:SPG) traded in a range yesterday that spanned from a low of $178.39 to a high of $184.68. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $182.32 on volume of 432,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Simon Property share prices have moved between a 52-week high of $191.49 and a 52-week low of $145.78 and are now trading 23% above that low price at $178.94 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Simon Property and will alert subscribers who have SPG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders simon property

Ticker(s): SPG