Simon Property's most recent trend suggests a bearish bias. One trading opportunity on Simon Property is a Bear Call Spread using a strike $140.00 short call and a strike $150.00 long call offers a potential 10.99% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $140.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $9.01 would be incurred if the stock rose above the $150.00 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 65.97 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
Jeweler Alex and Ani Files Bankruptcy After Rapid Expansion
Thu, 10 Jun 2021 14:54:59 +0000
(Bloomberg) — Jewelry maker Alex and Ani LLC, which operates dozens of stores, filed for Chapter 11 bankruptcy protection Wednesday and put itself up for sale.The company said it entered into a restructuring agreement with debt and equity holders as it works to reorganize and boost its online and wholesale businesses. The retailer expects “little to no disruption” in operations. Alex and Ani now has about 524 part- and full-time employees and holds 74 leases, according to court documents. About
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