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Cedar Shopping Centers Shares Climbing Higher, Up 1.4%

Published on Wed, 01/09/2013 - 11:27
By Adrienne Chilton

One of today's stocks on the move is Cedar Shopping Centers (NYSE:CDR), up 1.4% to $5.38. The S&P is trading higher by 0.4% to 1,462 and the Dow is trading 0.5% higher to 13,399.

In the past 52 weeks, Cedar Shopping Centers share prices have been bracketed by a low of $4.53 and a high of $5.80 and are now at $5.38, 19% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0% lower over the past week, respectively.

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 has overhead space with shares priced $5.38, or 10.4% below the average consensus analyst price target of $6.00. Cedar Shopping Centers shares have support at the 50-day moving average (MA) of $5.25 and additional support at the 200-day MA of $5.18.

By Adrienne Chilton
achilton@fnno.com