Bullish Moving Average Cross by SL Green Realty (SLG)

Published on Mon, 06/01/2015 - 11:23
By Robert Cotter in Moving average crossovers, SLG, moving crosses, nyse:slg, sl green realty

Today, shares of SL Green Realty (NYSE:SLG) have crossed bullishly above their 10-day moving average of $120.02 on a volume of 378K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, SL Green Realty share prices have been bracketed by a low of $99.89 and a high of $135.81 and are now at $120.63, 21% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.6%.

There is potential upside of 10.3% for shares of SL Green Realty based on a current price of $120.63 and an average consensus analyst price target of $133.07. SL Green Realty shares should encounter resistance at the 50-day moving average (MA) of $125.52 and support at its 200-day MA of $119.29.

SL Green Realty Corp. is a fully integrated, self-administered and self-managed real estate investment trust. The Trust is exclusively focused on owning and operating office buildings in Manhattan.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Analyst Rating In Review: BT Group Bid U...

BT Group was downgraded from Neutral to Underperform by Macquarie one week ago. The sh ...

Shares of YRC Worldwide Rank the Highest...

Here are the top 5 stocks in the Trucking industry ranked by performance. We compiled ...

Relatively Good Performance Detected in ...

Below are the top five companies in the Steel industry as measured by relative performa ...

Relatively Good Performance Detected in ...

Below are the top five companies in the Specialty Stores industry as measured by relati ...

Top 5 Companies in the Semiconductors In...

We looked at the Semiconductors industry and measured relative performance to find the ...

Northfield Bancorp had the Lowest Relati...

Below are five companies in the Thrifts & Mortgage Finance industry that underperformed ...

Relatively Good Performance Detected in ...

Here are the top 5 stocks in the Retail REITs industry ranked by performance. We compi ...

Shares of VASCO Data Security Internatio...

Analysis was conducted on the Systems Software industry to measure relative performance ...