CBL & Associates Properties Inc

CBL retains bullish long- and medium-term biases as it advances in a Stage 2 uptrend supported by rising EMAs, but extreme overbought readings and price extension warn of near-term exhaustion. The Stable strategy calls for patience, so we will wait for a pullback into the 9/21 EMA support zone near prior breakout levels 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.