SPG - Simon Property Group - HOLD. Based on the fear/concerns about a second wave of COVID-19 prices might keep going down as the support level was broken last week. If on Monday, the price will close above the resistance level, perhaps there might be an opportunity to go long
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Technical Analysis - Go long Fundamental News Today Simon Property Group (SPG) – Simon is suing apparel retailer Gap (GPS) over nearly $66 million in unpaid rent, according to online real estate publication The Real Deal. Gap is the largest tenant for the nation’s largest mall operator.
America will open back up soon. Several states already open, like Texas and Georgia. Many more states will open next week. What will people do when things are open again? Go shopping! C'mon, everyone loves the Mall - clothes, games, food! We all miss that stuff and guess what, SPG owns most of the malls in USA. When news hits that ALL malls are open in...
You can check my previous calls on this name with regards to the fundamentals of the trade. This trade however is purely based on technicals and the shorter tf. As you can see there is a classic bearish flag that has formed on the 4h chart.
Wait the right signal to go long based on Technical and Fundamental Analysis Simon Property Group says it plans to have roughly 50% of its malls and outlet centers reopened again within the next week As of Monday, the company said it has reopened 77 of its properties in the U.S., where local lockdown restrictions have been eased. It said a dozen of its premium...
SPG - Break above 62.13, Stop signal 54.87. Massive insider buying. Could consider some $65 July or October calls (currently $5.35 and $8.20). 4 institutions bought into them in February as reported by insidercow.com
On Jan 11, 2017 I posted my short on $MAC based on the changing tenor of the American consumer. The shift to online shopping was and is the greatest threat to retail in my opinion. $MAC was a highly leveraged deep in debt company that, in my opinion was in the crosshairs of industry that would be facing some serious headwinds. Rent PSF was going to plummet as...
The original thesis revolved round a complete paradigm shift in the way Americans shop. The brick and mortar retail industry is in the crosshairs of a complete disruption. It is now an online driven retail economy. As mall retailers falter left and right, rents per square feet will suffer drastically which strikes at the center of $SPG's revenue with share holders...
If the earnings do not satisfy the investors I see potential to a drop until the 126$ - but there is only a very tiny supporting-line so it could also trop further! The Question is also how investors see the bidding for "Forever 21"?
We've been looking at SPG for a long term play. The company has been pumping big $$ into renovations around the country at it's mall sites. They also offer a nice dividend at 5.63%. We're waiting for a breakout out of the wedge that's been forming for a possible play to the upside.
This stock will be PUNISHED. There is no doubt about it!
Correction of the first wave of a triple wave structure. We expect only a few dollars to be cut. Then the second and third wave structures can be resumed. Target price 204 usd level.
-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...
A recent breaking channel has set this stock in a oversell scenario. The bullish pattern confirms the future upward movement.
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...
Trade not active yet. Just looking to see how we close today but will most likely take the trade into the close or tomorrow morning at the open.