Trading Cmc Materials Inc CCMP With Integrated Risk Controls

April 16, 2022, 02:30 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Cmc Materials Inc (NASDAQ: CCMP) report below can help you, but we have more details too. The trading plans for CCMP, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for CCMP

• Buy CCMP slightly over 169.64 target 196.74 stop loss @ 169.15 Details

The technical summary data tells us to buy CCMP near 169.64 with an upside target of 196.74. This data also tells us to set a stop loss @ 169.15 to protect against excessive loss in case the stock begins to move against the trade. 169.64 is the first level of support below 176.2 , and by rule, any test of support is a buy signal. In this case, support 169.64 is being tested, a buy signal would exist.

• Short CCMP under 196.74, target 169.64, stop loss @ 197.31 Details

The technical summary data is suggesting a short of CCMP as it gets near 196.74 with a downside target of 169.64. We should have a stop loss in place at 197.31though. 196.74 is the first level of resistance above 176.2, and by rule, any test of resistance is a short signal. In this case, if resistance 196.74 is being tested, a short signal would exist.

Swing Trading Plans for CCMP

• Buy CCMP slightly over 196.74, target n/a, Stop Loss @ 196.17 Details

If 196.74 begins to break higher, the technical summary data tells us to buy CCMP just slightly over 196.74, with an upside target of n/a. The data also tells us to set a stop loss @ 196.17 in case the stock turns against the trade. 196.74 is the first level of resistance above 176.2, and by rule, any break above resistance is a buy signal. In this case, 196.74, 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 CCMP near 196.74, target 175.18, Stop Loss @ 197.31. Details

The technical summary data is suggesting a short of CCMP if it tests 196.74 with a downside target of 175.18. We should have a stop loss in place at 197.31 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, 196.74, 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 CCMP

• Buy CCMP slightly over 176.46, target 196.74, Stop Loss @ 176.05 Details

If 176.46 begins to break higher, the technical summary data tells us to buy CCMP just slightly over 176.46, with an upside target of 196.74. The data also tells us to set a stop loss @ 176.05 in case the stock turns against the trade. 176.46 is the first level of resistance above 176.2, and by rule, any break above resistance is a buy signal. In this case, 176.46, 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 CCMP near 176.46, target 175.18, Stop Loss @ 176.87. Details

The technical summary data is suggesting a short of CCMP if it tests 176.46 with a downside target of 175.18. We should have a stop loss in place at 176.87 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, 176.46, 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.

CCMP Ratings for April 16:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	142.84
P2	174.35	171.66	169.64
P3	176.46	175.18	196.74

Support and Resistance Plot Chart for CCMP

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