JoeHayes

Institutional Volume Spike and Price Action Close

Long
NYSE:BRX   Brixmor Property Group Inc
Friday brought a bullish price action close with some very sizeable volume for BRX . Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely stepping back in at this level.