The Hourly View for CPT
At the moment, CPT’s price is up $0.17 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 200 hour changed directions on CPT; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CPT’s Technical Outlook on the Daily Chart
At the moment, CPT’s price is down $-0.7 (-0.68%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as CPT has now gone down 5 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows CPT’s price action over the past 90 days.
For CPT News Traders
News traders keeping an eye on CPT may find value in this recent story:
Camden Property Trust (NYSE:CPT) announced today that the Company will participate in the Citi 2021 Virtual Global Property CEO Conference. Camden’s roundtable discussion has been scheduled for Monday, March 8, 2021 at 9:30 AM Central Time. The event will be webcast live in a listen-only mode at camdenliving.com in the Investors section, and an audio archive will be available on the Company’s website shortly after the event concludes.
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The post Camden Property Trust (CPT): Price Now Near $102.53; Daily Chart Shows An Uptrend on 50 Day Basis appeared first on ETF Daily News.
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