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More Upside for Simon Property ?
Published on Wednesday, 01 February 2012 11:34 Written by Christian Paolinetti
New York, February 1st (TradersHuddle.com) - Shares of Simon Property Group, Inc. (NYSE:SPG) booked a new 52 week high today by trading above $137.29, traders are definitely monitoring Simon's price action to see if this move attracts further buying into the stock.
Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
Simon Property is currently trading 0.74% versus its previous trading session close, and it has calculated support and resistance at $115.21 and $137.29 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range
The overall market index S&P 500 is trading higher by 1% from its previous trading close, which means that Simon Property stock is underperforming the overall market.
Related Articles
- Simon Property Group and Woodmont Outlets/EWB Development, LLC Receive Site Plan Approval by Chesterfield City Council on St. Louis Premium Outlets® in Chesterfield, Missouri
- Simon Property Group, Calloway REIT, and SmartCentres Announce Second Premium Outlet Center® in Canada to Serve Montreal Area
- Critical Alerts For Qualcomm, Simon Property, Silver Wheaton, Biogen Idec, and Nu Skin Released By InvestorsObserver
- Simon Property Group Celebrates Moms With 'National Mom's Nite Out' at 120 Properties on Thursday, May 10
- Simon Property Group Reports First Quarter Results
- Critical Alerts for Qualcomm, Simon Property, Agnico Eagle Mines, Ivanhoe Mines, and ViroPharma Released by Seven Summits Research
- Simon's Premium Outlets® Division Begins Construction of Shisui Premium Outlets®
- Simon Property Group and Calloway REIT Celebrate the Start of Construction on Toronto Premium Outlets® With Groundbreaking Ceremony on April 25
- Simon Property Group and BRMALLS Sign Agreement to Develop Outlet Centers in Brazil
- Simon Property Group Announces Saks Fifth Avenue OFF 5TH to Anchor Two New Premium Outlet Centers®
Related Partner Headlines
- Simon Property Group Stock To Go Ex-dividend Tomorrow (SPG) - TheStreet.com
- Simon Property Group Inc (SPG): Today's Featured Real Estate Winner - TheStreet.com
- Simon Property Group Inc (SPG): Today's Featured Real Estate Winner - TheStreet.com
- Simon Property Group Stock Hits New 52-Week High (SPG) - TheStreet.com
- Simon Property Group Stock Hits New 52-Week High (SPG) - TheStreet.com
- Simon Property Group Stock Hits New 52-Week High (SPG) - TheStreet.com
- Simon Property Group Reaches New 52-Week High (SPG) - TheStreet.com
- Simon Property Group Stock Hits New 52-Week High (SPG) - TheStreet.com
- Simon Property Group Announces Proposed Offerings of 7M Shares and Senior Notes - Benzinga
- Simon Property Group Stock To Go Ex-dividend Monday (SPG) - TheStreet.com
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