CBL & ASSOC PROPERTIES
(CBL-NYSE):
Technical Viewpoint: From a low
of $19.92 on Aug 21, 2008 prices
rallied, reaching a
high of $22.41
on Sep 12, 2008. A
decline saw prices pull back, reaching a
low of
$19.60 on Sep 18, 2008.
Another rally saw prices penetrate
resistance, closing 9/20/08
at $23.19. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 19, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.00. Resistance: Is at $24.45.
Point & Figure: Reversed to the upside on Sep 19, 2008. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! CBL & ASSOC PROPERTIES
(CBL-NYSE) @ $23.38 Stop: Use a protective stop of $21.38.
CBL & ASSOC PROPERTIES is currently trading @ $23.19 plus $1.79 on Sep 21, 2008. Price Objective:
$31.50. Risk/Reward: $2.00 VS. $8.12. Today's Risk Reward Ratio: 4:1
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