Simon Property's most recent trend suggests a bearish bias. One trading opportunity on Simon Property is a Bear Call Spread using a strike $70.00 short call and a strike $80.00 long call offers a potential 12.61% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $8.88 would be incurred if the stock rose above the $80.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Simon Property is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Simon Property is bearish.
The RSI indicator is at 35.31 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Simon Property
These 5 Stocks Could Be the Next to Slash Their Dividends
Wed, 22 Jul 2020 19:45:00 +0000
After a wave of oil and gas dividend cuts in March, the market may have thought the worst was over. Here's why they think that Simon Property Group (NYSE: SPG), Oasis Midstream Partners (NYSE: OMP), Cleveland-Cliffs (NYSE: CLF), Newell Brands (NASDAQ: NWL), and NuStar Energy (NYSE: NS) have payouts that could be at risk.
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Wed, 15 Jul 2020 19:44:23 +0000
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Wed, 15 Jul 2020 19:29:23 +0000
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