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Uptrend Call Working As Eastgroup Prop Stock Rises 17.3% (EGP)

By David Diaz

SmarTrend identified an Uptrend for Eastgroup Prop (NYSE:EGP) on January 10th, 2019 at $94.12. In approximately 2 months, Eastgroup Prop has returned 17.28% as of today's recent price of $110.38.

Over the past year, Eastgroup Prop has traded in a range of $79.63 to $110.65 and is now at $110.38, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.4%.

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