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Cedar Shopping Centers's Shares Changing Hands at Lower Prices on 2.8x Above-Average Volume (CDR)

Published on Wed, 02/13/2013 - 14:11
By Mallory Stone

Shares of Cedar Shopping Centers are trading today in above average volume, with the share price falling 0.0% to $5.49. Today's volume of 1.0 million shares tops the average 30-day volume of 373,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Cedar Shopping Centers (NYSE:CDR) is currently priced 2.1% above its average consensus analyst price target of $5.38. The stock should discover initial support at its 50-day moving average (MA) of $5.35 and subsequent support at its 200-day MA of $5.21.

Cedar Shopping Centers share prices have moved between a 52-week high of $5.80 and a 52-week low of $4.53 and are now trading 21% above that low price at $5.49 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 0.11% higher over the past week, respectively.

By Mallory Stone