WP Glimcher Inc (NYSE: WPG)

WP Glimcher Inc., incorporated on December 13, 2013, is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, all of the Company’s real estate properties and other assets. As of December 31, 2014, the Company’s assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls.
Washington Prime Group Inc. operates independently of Simon Property Group Inc. as of May 28, 2014.
Take a look at the 1-year chart of WP Glimcher (NYSE: WPG) below with my added notations:

WPG has been trending lower for the past 8 months. Over that time, the stock has formed an important trend line of resistance (blue). Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. WPG’s trendline resistance currently sits right around $13.60.
The stock appears to be on its way down to its $13 support (green).

The Tale of the Tape: WPG is currently stuck under a down trending resistance. A break above that resistance should mean higher prices, thus a long trade could be made either then, or on a fall to the $13 support. Short traders might look to enter a trade at the resistance or on a break of support.