Taubman Centers (TCO) Bearish Technical Alert - Trend Down 3%

Taubman Centers (NYSE:TCO) is trading 1.8% lower (down $0.56 to $30.35) today on volume of 480,214 shares. The stock has traded within a 52-week range of $12.43 and $38.63.

Taubman Centers is currently below its 50-day moving average of $33.43 and should find support at its 200-day moving average of $25.25.

SmarTrend is bearish on shares of TCO and our subscribers received a Downtrend alert on October 28, 2009 at $31.30, which has returned 3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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