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Bullish Moving Average Cross by Simon Property (SPG)

By David Diaz

Simon Property (NYSE:SPG) crossed over its 10-day moving average of $53.56 on a volume of 2.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Simon Property have traded between a low of $42.25 and a high of $186.40 and are now at $54.62, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 8.4%.

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: moving crosses simon property

Ticker(s): SPG