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Cedar Shopping Centers Shares Climbing Higher, Up 3.1%

Published on Tue, 04/16/2013 - 12:21
By Robert Cotter

Cedar Shopping Centers (NYSE:CDR) is one of today's notable stocks on the rise, up 3.1% to $6.17. The S&P is currently trading 1.1% higher to 1,569 and the Dow Jones Industrial Average is trading 0.8% higher to 14,722.

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 (NYSE:CDR) defies analysts with a current price ($6.17) 14.8% above its average consensus price target of $5.25. The stock should find initial support at its 50-day moving average (MA) of $5.76 and further support at its 200-day MA of $5.41.

Over the past year, Cedar Shopping Centers has traded in a range of $4.53 to $6.45 and is now at $6.17, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

By Robert Cotter
rcotter@fnno.com