Is Simon Property (SPG) Ready to Breakout?

Zacks

Are you a technical investor? If so, it may be time to consider Simon Property Group Inc (SPG) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for SPG.

This trend may have already begun, as shares of SPG have moved by higher by 5.5% in just the past month. Plus, SPG has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Simon Property has plenty of life left.



SIMON PROPERTY GROUP INC (SPG): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)