General Growth Properties (GGP) is the Chart of the Day. The stock has both a Trend Spotter buy signal and 100% Technical buy signals. The stock advanced 16 times for a gain of 14.29% in the last month.
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The Chart of the Day is General Growth Properties (GGP). The stock was found near the top of the New High list when sorted for frequency. With both a Trend Spotter buy signal and 100 % Barchart technical buy signals the stock looks like a winner. In the last month the stock advanced in 16 sessions for a 14.29% gain in price.
They are one of the oldest and most experienced shopping center owners, developers and managers in the United States. It has ownership interests in, and management responsibilities for, a portfolio of regional shopping malls in numerous states.
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.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 14.29% in the last month
- Relative Strength Index 81.43%
- Barchart computes a technical support level at 21.84
- Traded recently at 22.72 with a 50 day moving average of 20.38
Fundamental factors:
- Market Cap $21.363 billion
- P/E 21.99
- Dividend yield 2.20%
- Revenue projected to grow 6.00% this year but decrease 1.30% next year
- Earnings estimated to increase 12.10% this year, an additional 9.90% next year and continue to increase annually at 8.23% for the next 5 years
- Wall Street analysts issued 3 strong buy, 4 hold and 2 strong sell recommendations
Sell if the trailing total return turns negative.
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