Trading Higher on Heavy Volume are Shares of Cedar Shopping Centers on 1.3x Above-Average Volume (CDR)

Published on Wed, 10/16/2013 - 13:33
By Peter Chu in Unusual volume, CDR, cedar shopping centers, nyse:cdr, unusual volume

Cedar Shopping Centers's stock is up 0.9% to $5.48 on heavy trading volume. About 399,000 shares have been traded today, as compared to the 30-day average volume of 305,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Cedar Shopping Centers (NYSE:CDR) has potential upside of 20.9% based on a current price of $5.48 and analysts' consensus price target of $6.62. Cedar Shopping Centers shares should encounter resistance at the 200-day moving average (MA) of $5.60 and support at the 50-day MA of $5.14.

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 share prices have moved between a 52-week high of $6.83 and a 52-week low of $4.60 and are now trading 19% above that low price at $5.48 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Quiksilver: New 52-Week Low Set Today (Z...

Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $3.08. So far today approxi ...

Xerox: The Winning Streak Continues (XRX...

Xerox (NYSE:XRX) traded at a new 52-week high today of $13.38. This new high was reach ...

Watch for Continued Losses in Shares of ...

Titan International (NYSE:TWI) traded today at a new 52-week low of $13.93. Approximat ...

Take-Two Interactive Software: The Winni...

Take-Two Interactive Software (NASDAQ:TTWO) traded at a new 52-week high today of $23.6 ...

Glacier Bancorp Shares Sinking Lower, Do...

One of today's stocks on the move is Glacier Bancorp (NASDAQ:GBCI), down 1.7% to $26.56 ...

Shares of TeleNav Fall Below Previous 52...

TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $5.03. Approximately 85,000 ...

Tempur-Pedic International Makes a Move:...

Tempur-Pedic International (NYSE:TPX), a company whose shares are moving quickly, is tr ...

Recent 52-Week Low Surpassed in Shares o...

Shares of Theravance (NASDAQ:THRX) traded today at $22.01, breaking its 52-week low. A ...