(CXT) Proactive Strategies

August 11, 2024, 03:12 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CXT

• Buy CXT slightly over 56.4 target 61.26 stop loss @ 56.24 Details

The technical summary data tells us to buy CXT near 56.4 with an upside target of 61.26. This data also tells us to set a stop loss @ 56.24 to protect against excessive loss in case the stock begins to move against the trade. 56.4 is the first level of support below 56.72 , and by rule, any test of support is a buy signal. In this case, support 56.4 would be being tested, so a buy signal would exist.

• Short CXT slightly under 61.26, target 56.4, stop loss @ 61.44 Details

The technical summary data is suggesting a short of CXT as it gets near 61.26 with a downside target of 56.4. We should have a stop loss in place at 61.44though. 61.26 is the first level of resistance above 56.72, and by rule, any test of resistance is a short signal. In this case, if resistance 61.26 is being tested, so a short signal would exist.

Swing Trading Plans for CXT

• Buy CXT slightly over 61.26, target 65.87, Stop Loss @ 61.08 Details

If 61.26 begins to break higher, the technical summary data tells us to buy CXT just slightly over 61.26, with an upside target of 65.87. The data also tells us to set a stop loss @ 61.08 in case the stock turns against the trade. 61.26 is the first level of resistance above 56.72, and by rule, any break above resistance is a buy signal. In this case, 61.26, 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 CXT slightly near 61.26, target 56.44, Stop Loss @ 61.44. Details

The technical summary data is suggesting a short of CXT if it tests 61.26 with a downside target of 56.44. We should have a stop loss in place at 61.44 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, 61.26, 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 CXT

• Buy CXT slightly over 56.78, target 61.26, Stop Loss @ 56.65 Details

If 56.78 begins to break higher, the technical summary data tells us to buy CXT just slightly over 56.78, with an upside target of 61.26. The data also tells us to set a stop loss @ 56.65 in case the stock turns against the trade. 56.78 is the first level of resistance above 56.72, and by rule, any break above resistance is a buy signal. In this case, 56.78, 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 CXT slightly near 56.78, target 56.44, Stop Loss @ 56.91. Details

The technical summary data is suggesting a short of CXT if it tests 56.78 with a downside target of 56.44. We should have a stop loss in place at 56.91 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, 56.78, 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 Crane Company (CXT) available here: CXT.

CXT Ratings for August 11:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	56.4
P2	55.24	52.96	61.26
P3	56.78	56.44	65.87

AI Generated Signals for CXT

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Don't over think it!  Trading Crane Company (NYSE: CXT) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CXT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CXT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CXT too.  All of these are offered below the Summary Table.