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Tanger Factory Trading Lower on Heavy Volume, Inline With Overall Trend (SKT)

By Shiri Gupta

Shares of Tanger Factory are trading today in above average volume, with the share price falling 3.2% to $20.14. Approximately 1.4 million shares have changed hands today vs. average 30-day volume of 1.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Tanger Factory on February 20th, 2019 by issuing a Downtrend alert when the shares were trading at $21.48. Since that call, shares of Tanger Factory have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Tanger Factory share prices have been bracketed by a low of $19.76 and a high of $24.91 and are now at $20.14, 2% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.03% higher over the past week, respectively.

Keywords: unusual volume tanger factory

Ticker(s): SKT