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Watch for Cbl & Assoc Prop to Potentially Pullback After Gaining 12.62% Yesterday

By Amy Schwartz

Cbl & Assoc Prop (NYSE:CBL) traded in a range yesterday that spanned from a low of $0.81 to a high of $0.91. Yesterday, the shares gained 12.6%, which took the trading range above the 3-day high of $0.88 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Cbl & Assoc Prop. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cbl & Assoc Prop in search of a potential trend change.

Over the past year, Cbl & Assoc Prop has traded in a range of $0.77 to $4.71 and is now at $0.90, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.5% while the 200-day MA has slid 3.5%.

Keywords: rebounders cbl & assoc prop

Ticker(s): CBL