Trading Charles River $CRL With Integrated Risk Controls

October 15, 2023, 05:45 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CRL

• Buy CRL slightly over 178.26 target 197.47 stop loss @ 177.75 Details

The technical summary data tells us to buy CRL near 178.26 with an upside target of 197.47. This data also tells us to set a stop loss @ 177.75 to protect against excessive loss in case the stock begins to move against the trade. 178.26 is the first level of support below 191.02 , and by rule, any test of support is a buy signal. In this case, support 178.26 would be being tested, so a buy signal would exist.

• Short CRL slightly under 197.47, target 178.26, stop loss @ 198.04 Details

The technical summary data is suggesting a short of CRL as it gets near 197.47 with a downside target of 178.26. We should have a stop loss in place at 198.04though. 197.47 is the first level of resistance above 191.02, and by rule, any test of resistance is a short signal. In this case, if resistance 197.47 is being tested, so a short signal would exist.

Swing Trading Plans for CRL

• Buy CRL slightly over 196.24, target 197.47, Stop Loss @ 195.67 Details

If 196.24 begins to break higher, the technical summary data tells us to buy CRL just slightly over 196.24, with an upside target of 197.47. The data also tells us to set a stop loss @ 195.67 in case the stock turns against the trade. 196.24 is the first level of resistance above 191.02, and by rule, any break above resistance is a buy signal. In this case, 196.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CRL slightly near 196.24, target 189.97, Stop Loss @ 196.81. Details

The technical summary data is suggesting a short of CRL if it tests 196.24 with a downside target of 189.97. We should have a stop loss in place at 196.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 196.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CRL

• Buy CRL slightly over 192.87, target 196.24, Stop Loss @ 192.42 Details

If 192.87 begins to break higher, the technical summary data tells us to buy CRL just slightly over 192.87, with an upside target of 196.24. The data also tells us to set a stop loss @ 192.42 in case the stock turns against the trade. 192.87 is the first level of resistance above 191.02, and by rule, any break above resistance is a buy signal. In this case, 192.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CRL slightly near 192.87, target 189.97, Stop Loss @ 193.32. Details

The technical summary data is suggesting a short of CRL if it tests 192.87 with a downside target of 189.97. We should have a stop loss in place at 193.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 192.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Charles River (CRL) available here: CRL.

CRL Ratings for October 15:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	178.26
P2	192.87	189.97	197.47
P3	197.94	196.24	217.85

AI Generated Signals for CRL

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