When (CORT) Moves Investors should Listen
January 07, 2024, 02:46 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CORT
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short CORT slightly under 25.48, target n/a, stop loss @ 25.55 Details
The technical summary data is suggesting a short of CORT as it gets near 25.48, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 25.55. 25.48 is the first level of resistance above 24.28, and by rule, any test of resistance is a short signal. In this case, if resistance 25.48 is being tested, so a short signal would exist.
Swing Trading Plans for CORT
- Buy CORT slightly over 25.48, target 27.84, Stop Loss @ 25.41 Details
If 25.48 begins to break higher, the technical summary data tells us to buy CORT just slightly over 25.48, with an upside target of 27.84. The data also tells us to set a stop loss @ 25.41 in case the stock turns against the trade. 25.48 is the first level of resistance above 24.28, and by rule, any break above resistance is a buy signal. In this case, 25.48, 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 25.48, target 22.45, Stop Loss @ 25.55. Details
The technical summary data is suggesting a short of CORT if it tests 25.48 with a downside target of 22.45. We should have a stop loss in place at 25.55 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, 25.48, 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 25.1, target 25.48, Stop Loss @ 25.04 Details
If 25.1 begins to break higher, the technical summary data tells us to buy CORT just slightly over 25.1, with an upside target of 25.48. The data also tells us to set a stop loss @ 25.04 in case the stock turns against the trade. 25.1 is the first level of resistance above 24.28, and by rule, any break above resistance is a buy signal. In this case, 25.1, 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 25.1, target 22.45, Stop Loss @ 25.16. Details
The technical summary data is suggesting a short of CORT if it tests 25.1 with a downside target of 22.45. We should have a stop loss in place at 25.16 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, 25.1, 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 January 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
25.48 |
| P2 |
20.12 |
22.45 |
29.42 |
| P3 |
25.1 |
27.84 |
33.56 |
AI Generated Signals for CORT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Corcept Therapeutics Incorporated (NASDAQ: CORT) report below is a real world example. Included are trading plans for CORT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CORT:
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