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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
Tue, 22 Aug 2017NoneBullish EngulfingThu, 10 Aug 20171.39%
***Stock database and scans are updated around midnight (New York time) every trading day.
86.69 0.00 (0%) Aug 23 4:02pm EDT
Open: 85.68 Range: 85.45 - 86.77 Vol: 105.65K Avg Vol: 206.81K
EPS: 2.39 P/E ratio: 35.95 EBITDA: 161.56M Mkt Cap: 2.93B
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 85.69
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 85.79
Last Trade is above the 50 day moving average at 84.64
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 76.74
* 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 206.8K shares being traded. In the medium term, the 50 day moving average, currently at 84.64 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 84.64 and 76.74 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 $83.36* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 22 Aug 2017
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