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Shares of Cousins Properties Fall Below Previous 52-Week Low

By Nick Russo

Cousins Properties (NYSE:CUZ) traded at a new 52-week low today of $7.18. Approximately 360,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

Cousins Properties has overhead space with shares priced $7.20, or 39.7% below the average consensus analyst price target of $11.94. The stock should run into initial resistance at its 200-day moving average (MA) of $9.53 and subsequent resistance at its 50-day MA of $10.02.

Cousins Properties, Inc. is a real estate investment trust that derives its revenues from the acquisition, financing, development, management and leasing of commercial properties. These retail and office properties are concentrated in the Southern United States.

Over the past year, Cousins Propertieshas traded in a range of $7.18 to $11.40 and are now at $7.20. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Cousins Properties and will alert subscribers who have CUZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cousins properties

Ticker(s): CUZ