kovpups

$CLI - Big purchase from insider

Long
NYSE:CLI   Mack-Cali Realty Corporation
The reason why I paid attention to this paper is because of the following. A director of the company has bought almost 1 million shares of the company since the beginning of March, worth $15 million, with an average price of $15.25. This represents 1% of the company's value.
The company's portfolio is about to get a lot of new projects. The company's next report will be on 06/ 05 /21.
Technically, the paper is in an uptrend.
The 100D EMA has broken through the 200D EMA from below. The paper trades within the rising wedge .
The RSI>50, which also indicates that it is in an uptrend. It is now traded below the VWAP , which was drawn from the last high. There is a suggestion that the company's report can be quite good, and we can expect the stock price to increase. The upside targets are:
Target 1 - $18.95 (+15.8%)
Target 2 - Range $21.5/22.0 (+31.4/34.4%)
Target 3 - $24.5 (+49.7%)

Just for information, this is not trade recommendation.