How the (CNMD) price action is used to our Advantage
June 28, 2024, 17:06 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNMD
- Buy CNMD slightly over 68.45 target 79.24 stop loss @ 68.25 Details
The technical summary data tells us to buy CNMD near 68.45 with an upside target of 79.24. This data also tells us to set a stop loss @ 68.25 to protect against excessive loss in case the stock begins to move against the trade. 68.45 is the first level of support below 69.32 , and by rule, any test of support is a buy signal. In this case, support 68.45 is being tested, a buy signal would exist.
- Short CNMD slightly under 79.24, target 68.45, stop loss @ 79.47 Details
The technical summary data is suggesting a short of CNMD as it gets near 79.24 with a downside target of 68.45. We should have a stop loss in place at 79.47though. 79.24 is the first level of resistance above 69.32, and by rule, any test of resistance is a short signal. In this case, if resistance 79.24 is being tested, a short signal would exist.
Swing Trading Plans for CNMD
- Buy CNMD slightly over 79.24, target n/a, Stop Loss @ 79.01 Details
If 79.24 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 79.24, with an upside target of n/a. The data also tells us to set a stop loss @ 79.01 in case the stock turns against the trade. 79.24 is the first level of resistance above 69.32, and by rule, any break above resistance is a buy signal. In this case, 79.24, 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 CNMD slightly near 79.24, target 68.45, Stop Loss @ 79.47. Details
The technical summary data is suggesting a short of CNMD if it tests 79.24 with a downside target of 68.45. We should have a stop loss in place at 79.47 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, 79.24, 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 CNMD
- Buy CNMD slightly over 79.24, target n/a, Stop Loss @ 79.06 Details
If 79.24 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 79.24, with an upside target of n/a. The data also tells us to set a stop loss @ 79.06 in case the stock turns against the trade. 79.24 is the first level of resistance above 69.32, and by rule, any break above resistance is a buy signal. In this case, 79.24, 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 CNMD slightly near 79.24, target 68.45, Stop Loss @ 79.42. Details
The technical summary data is suggesting a short of CNMD if it tests 79.24 with a downside target of 68.45. We should have a stop loss in place at 79.42 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, 79.24, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Conmed Corp. - Ordinary Shares (CNMD) available here: CNMD.
CNMD Ratings for June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
57.98 |
| P2 |
66.38 |
63.88 |
68.45 |
| P3 |
67.69 |
66.74 |
79.24 |
AI Generated Signals for CNMD
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Conmed Corp. - Ordinary Shares (NASDAQ: CNMD) data table below can help you with price action, and we have more details too. Trading plans for CNMD are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNMD:
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