SPG Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Simon Property Group, Inc. (Symbol: SPG) crossed below their 200 day moving average of $167.00, changing hands as low as $164.07 per share. Simon Property Group, Inc. shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of SPG shares, versus its 200 day moving average:

Looking at the chart above, SPG’s low point in its 52 week range is $139.25 per share, with $190.135 as the 52 week high point — that compares with a last trade of $165.71. The SPG DMA information above was sourced from TechnicalAnalysisChannel.com