Camden Property Trust should undergo some profit-taking after the rebound in recent sessions.

From a fundamental viewpoint, firstly, we note the high valuation of the company. P/E ratio for the current year is at 34.47x and expected at 32.13x for next year. With an enterprise value/revenue ratio of 9.89x, the group appears overvalued compared to its business activity.

Graphically, the stock went through a period of rebound in recent sessions towards the USD 62.4 medium-term resistance. The share should consolidate near this area. This scenario suggests a return to the USD 59.4 and then USD 56.8 support area which will be a bearish objective.

Therefore, the proximity of mid-term resistance suggests a correction phase in the coming sessions. The most offensive will open a short position at the current price to target a return on the USD 59.4 support and then to USD 56.8. It should protect the position with a stop loss set above USD 62.4.