Trading (CORT) With Integrated Risk Controls

February 29, 2024, 22:56 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CORT

• Buy CORT slightly over 22.66 target 27.37 stop loss @ 22.59 Details

The technical summary data tells us to buy CORT near 22.66 with an upside target of 27.37. This data also tells us to set a stop loss @ 22.59 to protect against excessive loss in case the stock begins to move against the trade. 22.66 is the first level of support below 23.5 , and by rule, any test of support is a buy signal. In this case, support 22.66 would be being tested, so a buy signal would exist.

• Short CORT slightly under 27.37, target 22.66, stop loss @ 27.45 Details

The technical summary data is suggesting a short of CORT as it gets near 27.37 with a downside target of 22.66. We should have a stop loss in place at 27.45though. 27.37 is the first level of resistance above 23.5, and by rule, any test of resistance is a short signal. In this case, if resistance 27.37 is being tested, so a short signal would exist.

Swing Trading Plans for CORT

• Buy CORT slightly over 24.39, target 27.37, Stop Loss @ 24.32 Details

If 24.39 begins to break higher, the technical summary data tells us to buy CORT just slightly over 24.39, with an upside target of 27.37. The data also tells us to set a stop loss @ 24.32 in case the stock turns against the trade. 24.39 is the first level of resistance above 23.5, and by rule, any break above resistance is a buy signal. In this case, 24.39, 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 CORT slightly near 24.39, target 22.66, Stop Loss @ 24.46. Details

The technical summary data is suggesting a short of CORT if it tests 24.39 with a downside target of 22.66. We should have a stop loss in place at 24.46 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, 24.39, 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 CORT

• Buy CORT slightly over 23.68, target 24.39, Stop Loss @ 23.62 Details

If 23.68 begins to break higher, the technical summary data tells us to buy CORT just slightly over 23.68, with an upside target of 24.39. The data also tells us to set a stop loss @ 23.62 in case the stock turns against the trade. 23.68 is the first level of resistance above 23.5, and by rule, any break above resistance is a buy signal. In this case, 23.68, 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 CORT slightly near 23.68, target 22.66, Stop Loss @ 23.74. Details

The technical summary data is suggesting a short of CORT if it tests 23.68 with a downside target of 22.66. We should have a stop loss in place at 23.74 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, 23.68, 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 Corcept Therapeutics Incorporated (CORT) available here: CORT.

CORT Ratings for February 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	22.66
P2	23.68	22.56	27.37
P3	24.75	24.39	32.37

AI Generated Signals for CORT

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