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Buyers Accumulate Shares of Cedar Shopping Centers, Up 1.7%

Published on Tue, 01/29/2013 - 11:28
By Peter Chu

Up 1.7% to $5.50, Cedar Shopping Centers (NYSE:CDR), is one of today's notable movers. The Dow is up 0.2% to 13,917 and the S&P is currently trading fractionally higher to 1,502.

Cedar Shopping Centers Inc. is a real estate investment trust. The Company has investments primarily in multi-tenant, supermarket-anchored shopping centers and drug store-anchored convenience centers.

Cedar Shopping Centers share prices have moved between a 52-week high of $5.80 and a 52-week low of $4.53 and are now trading 21% above that low price at $5.50 per share. The 200-day and 50-day moving averages have moved 0.13% higher and 0.50% higher over the past week, respectively.

Based on a current price of $5.50, Cedar Shopping Centers is currently 2.3% above its average consensus analyst price target of $5.38. Cedar Shopping Centers shares have support at the 50-day moving average (MA) of $5.27 and additional support at the 200-day MA of $5.19.

By Peter Chu
pchu@fnno.com