• Return to Headlines

Eastgroup Prop Shares Up 5.8% Since SmarTrend's Buy Recommendation (EGP)

By Amy Schwartz

SmarTrend identified an Uptrend for Eastgroup Prop (NYSE:EGP) on July 3rd, 2019 at $118.64. In approximately 3 months, Eastgroup Prop has returned 5.76% as of today's recent price of $125.47.

Eastgroup Prop share prices have moved between a 52-week high of $128.30 and a 52-week low of $87.69 and are now trading 43% above that low price at $125.47 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

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