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Shopping Mall Stock Looking to Build on Recent Gains
Schaeffers Investment Researchยท 2025-08-22 17:03
Core Viewpoint - Simon Property Group Inc (NYSE:SPG) has shown positive momentum by breaking through key resistance levels, indicating potential for further gains in the stock price [2][6]. Group 1: Stock Performance - SPG cleared a pivot range between $168.50 and $171.50, surpassing both November-December lows and April-May highs [2]. - The stock has broken above its 200-day moving average, which previously acted as a resistance level [2]. - Over the past three years, SPG averaged a 155% gain after 66% of instances where it approached this trendline [2]. Group 2: Analyst Sentiment - Despite the recent stock performance, most analysts maintain a neutral stance on SPG, with 10 out of 19 analysts currently holding a "hold" rating [6]. - This neutral sentiment suggests potential for upgrades in the future as the stock continues to perform well [6]. Group 3: Options Trading - Options for SPG are currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 19%, placing it in the low 4th percentile of readings from the past year [6]. - A recommended call option has a leverage ratio of 14.68, which will double on a 6.4% rise in the underlying security [7].