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JoeHayes

Institutional Volume Spike and Price Action Close

Long
Brixmor Property Group Inc. (NYSE:BRX)  
JoeHayes  
NYSE:BRX   Brixmor Property Group Inc.
BRX support institutionallevels Volume Indicator volumespike Bullish Patterns Momentum Indicator (MOM) Divergence Exponential Moving Average (EMA)
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brx support institutionallevels volume volumespike bullish momentum divergence ema
Friday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely stepping back in at this level.
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