Stock Investors Bid Up Shares of Cedar Shopping Centers, Up 1.2%

Published on Fri, 03/27/2015 - 12:25
By Adrienne Chilton in Market movers, CDR, cedar shopping centers, market movers, nyse:cdr

One of today's stocks on the move is Cedar Shopping Centers (NYSE:CDR), up 0.7% to $7.41. The Dow Jones Industrial Average is now trading fractionally higher to 17,687 and the S&P is trading fractionally higher to 2,059.

Over the past year, Cedar Shopping Centers has traded in a range of $5.85 to $8.36 and is now at $7.41, 27% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.2%.

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.

Potential upside of 11.3% exists for Cedar Shopping Centers, based on a current level of $7.41 and analysts' average consensus price target of $8.25. Cedar Shopping Centers shares should encounter resistance at the 50-day moving average (MA) of $7.63 and support at its 200-day MA of $6.79.

By Adrienne Chilton
achilton@fnno.com

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