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Simon Property Crosses Above its 10-day MA (SPG)

By Nick Russo

Today, shares of Simon Property (NYSE:SPG) have crossed bullishly above their 10-day moving average of $158.64 on a volume of 190K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Simon Property share prices have been bracketed by a low of $155.04 and a high of $191.49 and are now at $159.20, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Simon Property on April 17th, 2019 by issuing a Downtrend alert when the shares were trading at $177.08. Since that call, shares of Simon Property have fallen 10.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses simon property

Ticker(s): SPG