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Mack-Cali Realty Looks to Continue to Trade Below its Annual-Low Share Price Today

By Shiri Gupta

Mack-Cali Realty (NYSE:CLI) traded today at a new 52-week low of $24.56. Approximately 742,000 shares have changed hands today, as compared to an average 30-day volume of 603,000 shares.

Mack-Cali Realty has overhead space with shares priced $24.81, or 18.4% below the average consensus analyst price target of $30.42. Mack-Cali Realty shares have support at the 50-day moving average (MA) of $23.18 and additional support at the 200-day MA of $21.51.

Over the past year, Mack-Cali Realtyhas traded in a range of $24.56 to $29.70 and are now at $24.81. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.6%.

Mack-Cali Realty Corporation is a fully integrated, self administered, and self managed real estate investment trust (REIT) providing management, leasing, development, construction, and other tenant related services for its class A real estate portfolio. The Properties are primarily office and office flex buildings located in the Northeast.

SmarTrend is tracking the current trend status for Mack-Cali Realty and will alert subscribers who have CLI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows mack-cali realty

Ticker(s): CLI