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Bullish Moving Average Cross by Camden Property Trust (CPT)

By James Quinn

Camden Property Trust (NYSE:CPT) shares have crossed bullishly above their 10-day moving average of $86.81 on a volume of 123K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Camden Property Trust has traded in a range of $67.27 to $90.91 and is now at $87.10, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Camden Property Trust and will alert subscribers who have CPT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Camden Property Trust

Ticker(s): CPT