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Just noticed CPT broke below its 200-day moving average on Friday - shares dipped to $107.73 and closed down about 1.9% for the day. The moving average was sitting around $108.83, so we're talking a pretty clean technical breakdown here.
Looking at the bigger picture, CPT's been trading between $97.17 and $126.55 over the past 52 weeks. Last close was at $108.10, so we're getting close to some of those lower support levels. This kind of moving average cross can sometimes signal a shift in momentum, though obviously one day doesn't make a trend.
Interesting to watch how CPT holds up from here - whether it bounces back or if this is the start of something bigger. The dividend angle on this one makes it worth keeping an eye on, especially with the broader market dynamics lately.