Check Out This Big Breakout For SPG
Jenny Rebekka | Jan 13, 2017 09:32AM ET
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 time falling back down. The fact that this price point has been tested multiple times, signals that it is a major level. Once it breaks, there is significant upside to $200.00 within days, further after that.
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