CBL & Associates Properties Inc

CBL retains bullish long- and medium-term biases within the Stage 2 advance, but price is extended above rising EMAs and extreme overbought signals indicate near-term exhaustion. The Stable strategy calls for patience, so we will wait for a pullback into the 9/21 EMA support zone near the prior breakout area before engaging.

• ↑DICK’S House of Sport replaces JCPenney at CoolSprings Galleria in early 2028.
• ↑High earnings yield indicates robust profitability relative to share price.
• ↓Shares at $51.88 vs $41.14 intrinsic implies 21% overvaluation.