Camden Property Trust Crosses Below its 10-day MA (CPT)
Camden Property Trust (NYSE:CPT) shares have crossed bearishly below their 10-day moving average of $81.69 on a volume of 135K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Camden Property Trust share prices have moved between a 52-week high of $84.52 and a 52-week low of $67.27 and are now trading 20% above that low price at $80.81 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Camden Property Trust on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.33. Since that recommendation, shares of Camden Property Trust have risen 7.8%. We continue to monitor CPT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Camden Property Trust