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Shares of Cedar Shopping Centers Receive a Boost, Up 1.8%

Published on Tue, 04/02/2013 - 10:28
By Adrienne Chilton

Cedar Shopping Centers (NYSE:CDR) is one of today's biggest movers, up 1.8% to $6.21. The Dow is up 0.7% to 14,671 and the S&P is currently up 0.7% to 1,573.

Over the past year, Cedar Shopping Centers has traded in a range of $4.53 to $6.26 and is now at $6.21, 37% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

Cedar Shopping Centers (NYSE:CDR) is currently priced 15.5% above its average consensus analyst price target of $5.25. Cedar Shopping Centers shares have support at the 50-day moving average (MA) of $5.58 and additional support at the 200-day MA of $5.34.

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.

By Adrienne Chilton
achilton@fnno.com

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