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Cbl & Assoc Prop Set to Possibly Rebound After Yesterday's Selloff of 2.91%

By Shiri Gupta

Cbl & Assoc Prop (NYSE:CBL) traded in a range yesterday that spanned from a low of $8.17 to a high of $8.45. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $8.47 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Cbl & Assoc Prop has traded in a range of $7.14 to $14.30 and is now at $8.33, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Cbl & Assoc Prop and will alert subscribers who have CBL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cbl & assoc prop

Ticker(s): CBL