pool adsCracker Barrel Old $CBRL Trading Report
The Cracker Barrel Old (NASDAQ: CBRL) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CBRL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 161.38 | 155.36 | 155.05 |
| P2 | 164.27 | 163.68 | 168.16 |
| P3 | 167.35 | 172.12 | 180.96 |
Support and Resistance Plot Chart for CBRL
Long Term Trading Plans for CBRL
September 17, 2019, 3:30 am ET
The Technical Summary and Trading Plans for CBRL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CBRL Report.
CBRL - (Long) Support Plan
The technical summary data tells us to buy CBRL near 155.05 with an upside target of 168.16. This data also tells us to set a stop loss @ 154.79 to protect against excessive loss in case the stock begins to move against the trade. 155.05 is the first level of support below 164.84 , and by rule, any test of support is a buy signal. In this case, support 155.05 would be being tested, so a buy signal would exist.
CBRL - (Short) Resistance Plan
The technical summary data is suggesting a short of CBRL as it gets near 168.16 with a downside target of 155.05. We should have a stop loss in place at 168.42 though. 168.16 is the first level of resistance above 164.84, and by rule, any test of resistance is a short signal. In this case, if resistance 168.16 is being tested, so a short signal would exist.
