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Mack-Cali Realty Bullish Moving Average Crossover Alert (CLI)

By Shiri Gupta

Mack-Cali Realty (NYSE:CLI) shares have crossed bullishly above their 10-day moving average of $19.89 on a volume of 389K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Mack-Cali Realty has traded in a range of $15.86 to $28.51 and is now at $20.06, 26% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Mack-Cali Realty on May 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.73. Since that recommendation, shares of Mack-Cali Realty have risen 11.1%. We continue to monitor CLI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mack-cali realty

Ticker(s): CLI