NYSE:SPG   Simon Property Group, Inc.
1. Broke out of the downstrend since Oct.6th. (Orange line)
2. 200 MA has been a resistance level, marking the top on Oct. 23rd. Today the test of 200MA seems to have failed -- see the increased volume drop in the last trading hours.
3. Going forward, expect price to retest the green line, around $64(-1.36% downside), and rebound. If SPG manages to keep the current uptrend and break through the 200MA, next resistance is at 67.69(4.17% upside)

Good luck trading!

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.