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Cedar Shopping Centers Trading Lower on 1.3x Above-Average Volume (CDR)

Published on Wed, 04/03/2013 - 13:15
By Peter Chu

Shares of Cedar Shopping Centers are trading today in above average volume, with the share price falling 0.4% to $6.12. About 467,000 shares have been traded today, as compared to the 30-day average volume of 348,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Cedar Shopping Centers (NYSE:CDR) is currently priced 14.1% above its average consensus analyst price target of $5.25. Cedar Shopping Centers shares have support at the 50-day moving average (MA) of $5.60 and additional support at the 200-day MA of $5.34.

In the past 52 weeks, shares of Cedar Shopping Centers have traded between a low of $4.53 and a high of $6.26 and are now at $6.12, which is 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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 Peter Chu
pchu@fnno.com