Simon Property's most recent trend suggests a bullish bias. One trading opportunity on Simon Property is a Bull Put Spread using a strike $80.00 short put and a strike $70.00 long put offers a potential 14.16% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $8.76 would be incurred if the stock dropped below the $70.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Simon Property is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Simon Property is bullish.
The RSI indicator is at 37.36 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
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Wed, 06 Jan 2021 17:17:37 +0000
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Thu, 31 Dec 2020 18:17:00 +0000
Just weeks after Simon Property Group (NYSE: SPG) and Brookfield Asset Management (NYSE: BAM) took possession of J.C. Penney's assets in bankruptcy court, the mall operators announced the department store chain would be looking for a new CEO. Jill Soltau, who took over the position about two years ago after Marvin Ellison jumped ship for the CEO job at Lowe's (NYSE: LOW), is leaving the company effective today. While the retailer's new owners didn't provide a reason for Soltau's departure, the company did say it wanted to find a new leader who would be “focused on modern retail, the consumer experience, and the goal of creating a sustainable and enduring JCPenney.”
J.C. Penney is toast in 2021
Thu, 31 Dec 2020 17:23:57 +0000
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