Stock Investors Bid Up Shares of Cedar Shopping Centers, Up 1.8%

Published on Thu, 10/17/2013 - 12:53
By Mallory Stone in Market movers, CDR, cedar shopping centers, market movers, nyse:cdr

Cedar Shopping Centers (NYSE:CDR) is one of today's notable stocks on the rise, up 1.8% to $5.60. The Dow is trading fractionally lower to 15,340 and the S&P is currently up 0.5% to 1,730.

There is potential upside of 18.3% for shares of Cedar Shopping Centers based on a current price of $5.60 and an average consensus analyst price target of $6.62. The stock should find initial support at its 200-day moving average (MA) of $5.60 and further support at its 50-day MA of $5.15.

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.

In the past 52 weeks, shares of Cedar Shopping Centers have traded between a low of $4.60 and a high of $6.83 and are now at $5.60, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

By Mallory Stone
mstone@fnno.com

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