COUSINS PROPERTIES INC is setting up nicely for a breakout.

Our stock screener has identified COUSINS PROPERTIES INC (NYSE:CUZ) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:CUZ.

Technical analysis of NYSE:CUZ

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Overall CUZ gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that CUZ is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by CUZ over the past year are nicely spread over this period.
• CUZ is part of the Diversified REITs industry. There are 130 other stocks in this industry. CUZ outperforms 88% of them.
• CUZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CUZ is lagging the market slightly.
• In the last month CUZ has a been trading in the 28.25 - 31.34 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been consolidating recently, this may present a good entry opportunity.

Our latest full technical report of CUZ contains the most current technical analsysis.

How do we evaluate the setup for NYSE:CUZ?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:CUZ is 10:

Besides having an excellent technical rating, CUZ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 30.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CUZ in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.