Equity One Bearish Moving Average Crossover Alert (EQY)

Published on Thu, 02/19/2015 - 12:31
By Robert Cotter in Moving average crossovers, EQY, equity one, moving crosses, nyse:eqy

Equity One (NYSE:EQY) shares have crossed bearishly below their 10-day moving average of $27.08 on a volume of 178K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Equity One, Inc. is a self-administered, self-managed real estate investment trust. The Trust principally acquires, renovates, develops, and manages community and neighborhood shopping centers anchored by national and regional supermarket chains. Equity One's portfolio currently consists of properties primarily located in metropolitan areas of Florida and Texas.

Based on a current price of $26.72, Equity One is currently 2.9% above its average consensus analyst price target of $25.96. Equity One shares have support at the 50-day moving average (MA) of $26.35 and additional support at the 200-day MA of $24.04.

Over the past year, Equity One has traded in a range of $21.03 to $28.23 and is now at $26.72, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

By Robert Cotter
rcotter@fnno.com

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