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19.7% Return Seen to Date on SmarTrend Eastgroup Prop Call (EGP)

By James Quinn

SmarTrend identified an Uptrend for Eastgroup Prop (NYSE:EGP) on January 10th, 2019 at $94.12. In approximately 3 months, Eastgroup Prop has returned 19.75% as of today's recent price of $112.70.

In the past 52 weeks, Eastgroup Prop share prices have been bracketed by a low of $80.77 and a high of $114.32 and are now at $112.70, 40% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

EastGroup Properties, Inc. is an equity real estate investment trust. The Trust acquires and develops industrial properties in major sunbelt markets throughout the United States with a special emphasis in the states of California, Florida, Texas, and Arizona.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Eastgroup Prop shares.

Log in and add Eastgroup Prop (EGP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights eastgroup prop

Ticker(s): EGP