CPT trade ideas
CPT, LONG CPT takes back 10 and 21 ema but on lower volumes and weaker closing range , cautiously longing with a tight stop . Might have to re-enter a few times with my tight stops .. Has not done this often in last year and its an institution fave so I think its worth a shot .
Long at 147.05 vs 143.99
CAMDEN PROPERTY TRUST ($CPT:NYSE) - Residential REIT up 35% YTD Another nice (hopefully) steady stock up 35% so far this year. It is toward the top of its 90 day channel with an RSI just under 70 so might be some pullback, but if it continues to climb over the next couple of days could be worth a watch.
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States. The Company also owns land holdings, which it may develop into multifamily communities. The Company's properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. The 152 operating properties in which the Company owned interests and operated, as of December 31, 2016, averaged 953 square feet of living area per apartment home. As of December 31, 2016, 137 of its operating properties had over 200 apartment homes.
CPT: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
Price is likely to fluctuate within parallel channel's boundaries.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.