SPG Trade on Jun 30, 2020 14:50 from Cklamb: Tradervue User Stock Trades.

SPG
Intraday Fundamentals
• Shares of Simon Property Group Inc. are trading higher in Monday's after-hours market, following the real estate investment trust's update on the reopening of its retail properties.
• At 5:08 p.m. EDT , the company's shares had risen 5.9% to trade at $72.12 . Volume at the time topped 387,000 shares.
• The company's stock finished the day's regular-trading session with a 10.06% gain, closing at $68.13 .
• Simon said it had reopened 199 of its 204 retail properties across 37 U.S. states, "which represent more than 95% of the company's property net operating income." The remaining five properties are expected to be reopen within the next week, the company said.
• Simon also said 30 of its Designer and international Premium Outlets properties are open, with the last remaining international Premium Outlet expected to open next week.
• Also on Monday, Simon said its board declared a $1.30 second-quarter dividend, adding "the company expects to pay at least $6 per share in common stock dividends for 2020, in cash, subject to board of directors approval."
• The company's previous dividend was $2.10 .
Technicals
ADV 9.22m RVOL 1 ATR 5.84 BETA 1.35 Short 8% Inst Own 97.5%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• If this sells off on profit taking in the morning, be patient and look long on the gap
• There is a strong level at 70 that would be about 50% of the gap, there would be a possible long here. look to see if this stays supportive over time and consider the long back into VWAP
• If this test 73.50 and comes back to hold VWAP, look long as it starts to move away.
Reding the Tape
Trade Management
Trade Notes
Solid trade.. one of my best.. It is too bad I was small. But, any larger it is hard to say if I would have managed this right, I did feel like I had come off the bottom so I raised the stop from LoD to something a little higher. However, it did retest and leaving the stop the LoD would have let me hold until the rejection of VWAP.
This weak and I was trying to catch the same trade as the AM session. But this would neevr really move away for the 68 mark the rest of the day. I would chop at it here and there.
I would work this a few more times trying to catch the break of 68 and look for some strength into the end of the day. I t just never moved in manner that gave anything worth tracking