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EastGroup Properties, Inc. (EGP) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Real Estate Investment Trusts
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 19 Oct 2017NoneBullish EngulfingWed, 18 Oct 2017-0.13%
***Stock database and scans are updated around midnight (New York time) every trading day.
92.44 0.00 (0%) Oct 20 10:17am EDT
Open: 93.610 Range: 90.760 - 93.610 Vol: 85.23K Avg Vol: 190.05K
EPS: 2.39 P/E ratio: 38.37 EBITDA: 161.56M Mkt Cap: 3.13B
Analyze "EGP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 91.71
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 89.85
Last Trade is above the 50 day moving average at 88.69
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 80.73
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of EGP

Stock Trend Analysis - Buy, Sell or Hold "EastGroup Properties, Inc." (EGP)?

EGP is in a very strong uptrend. In the last 52 weeks, EGP has been trading above the 200 day moving average for 97% of the time with an average daily volume of 190K shares being traded. In the medium term, the 50 day moving average, currently at 88.69 for EGP is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading but still with a bullish bias. EGP may experience some profit taking due to its strong performance thus far, so it may be prudent to lighten up on strength or sudden upward momentum. Good places to re-enter EGP are at the 50 and 200 SMAs currently at 88.69 and 80.73 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "EGP".

The analyst consensus estimates for the 1 year price target for this stock is $86.27* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 19 Oct 2017
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