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Cedar Shopping Centers Shares Climbing Higher, Up 1.1%

Published on Thu, 04/11/2013 - 10:39
By Adrienne Chilton

Cedar Shopping Centers (NYSE:CDR) is one of today's notable stocks on the rise, up 1.1% to $6.38. The S&P is trading higher by 0.3% to 1,593 and the Dow is trading 0.3% higher to 14,849.

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.

Over the past year, Cedar Shopping Centers has traded in a range of $4.53 to $6.45 and is now at $6.38, 41% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 0.98% higher over the past week, respectively.

Cedar Shopping Centers (NYSE:CDR) is currently priced 17.7% above its average consensus analyst price target of $5.25. Cedar Shopping Centers shares have support at the 50-day moving average (MA) of $5.71 and additional support at the 200-day MA of $5.39.

By Adrienne Chilton