Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: Simon Property Group - SPG

Tuesday, September 18, 2012

Simon Property Group - SPG - Barchart Chart of the Day

Barchart.coms Chart of the Day - Simon Property Group (SPG)

Barchart Research Team - BC - Mon Sep 17, 4:40PM CDT

The "Chart of the Day" is Simon Property Group (SPG), which showed up on Monday's Barchart "All-Time High" list. Simon Property on Monday posted a new all-time high of $164.17 and closed +0.51%. TrendSpotter just turned long last Friday at $162.70. "Chart of the Day" featured Simon Property Group about 6 months ago as of the March 19, 2012 close of $143.58. In recent news on the stock, Simon Property Group on July 24 reported Q2 funds from operation of $1.89, above the consensus of $1.81. Goldman Sachs on July 16 initiated coverage on Simon Property with a Conviction Buy and a target of $187. Simon Property Group, with a market cap of $49 billion, is a real estate investment trust (REIT) that specializes in regional malls and community shopping centers.

spg_700

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy