In my opinion SPG has lost way to much according to other market participants.
The brightest difference is to see compared to Equinix.
Here the core figures
SPG , PE RATIO 29, DIVIDEND 3,71
EQUINIX , PE RATIO 234, DIVIDEND 1.96
ASSUMING PROBLEMS ON LARGE SCALE WITH PROPERTIES IN US I THINK INVESTORS WILL RECOGNISE MASSIVE INCREASE IN EQUINIX VS MARKET NO 1 IN...
-higher time frame shows price breaking through 50 day moving average meeting resistance at previous support at 163.5x area
-mid time frame is showing bullish price action breaking out of resistance area of 162.2x but right away meet resistance at 163.5x
-looking for price to consolidate and pullback in a tight range bound consolidation for a big breakout with...
SPG meets all the checklist conditions for CUE Headwind Long Trade (a reversal trade type).
It also has a False Downside Breakout.
Several companies in this group are up today. Real Estate Services Industry is gaining strength.
Investors should be watching the price action on Simon Property Group Inc (NYSE:SPG). Any stock trading close above $188.25 triggers a dual trend line breakout. That is when investors should buy. Take a look at the stock chart below. Simon Property Group Inc has been chopping sideways for the last three months. Multiple times it has tested the $188.25 level, each...