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Simon Property (SPG) Approaches New Upside Target of $161.21

By Amy Schwartz

Simon Property (NYSE:SPG) has opened bullishly above the pivot of $158.65 today and has reached the first level of resistance at $160.09. Analysts will be watching for a cross of the next upside pivot targets of $161.21 and $163.77.

Simon Property share prices have moved between a 52-week high of $229.10 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

Simon Property (NYSE:SPG) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $212.00. Simon Property shares should first meet resistance at the 200-day moving average (MA) of $192.44 and find additional resistance at the 50-day MA of $202.88.

SmarTrend is monitoring the recent change of momentum in Simon Property. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Simon Property in search of a potential trend change.

Keywords: pivot alerts simon property

Ticker(s): SPG