Trading (CRUS) With Integrated Risk Controls
March 11, 2024, 14:14 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CRUS
- Buy CRUS slightly over 88.87 target n/a stop loss @ 88.61. Details
The technical summary data tells us to buy CRUS near 88.87, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 88.61 to protect against excessive loss in case the stock begins to move against the trade. 88.87 is the first level of support below 92.365, and by rule, any test of support is a buy signal. In this case, if support 88.87 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for CRUS
- Buy CRUS slightly over 94.48, target n/a, Stop Loss @ 94.21 Details
If 94.48 begins to break higher, the technical summary data tells us to buy CRUS just slightly over 94.48, with an upside target of n/a. The data also tells us to set a stop loss @ 94.21 in case the stock turns against the trade. 94.48 is the first level of resistance above 92.365, and by rule, any break above resistance is a buy signal. In this case, 94.48, 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 CRUS slightly near 94.48, target 91.01, Stop Loss @ 94.75. Details
The technical summary data is suggesting a short of CRUS if it tests 94.48 with a downside target of 91.01. We should have a stop loss in place at 94.75 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, 94.48, 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 CRUS
- Buy CRUS slightly over 94.48, target 95.53, Stop Loss @ 94.26 Details
If 94.48 begins to break higher, the technical summary data tells us to buy CRUS just slightly over 94.48, with an upside target of 95.53. The data also tells us to set a stop loss @ 94.26 in case the stock turns against the trade. 94.48 is the first level of resistance above 92.365, and by rule, any break above resistance is a buy signal. In this case, 94.48, 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 CRUS slightly near 94.48, target 92.01, Stop Loss @ 94.7. Details
The technical summary data is suggesting a short of CRUS if it tests 94.48 with a downside target of 92.01. We should have a stop loss in place at 94.7 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, 94.48, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Cirrus Logic Inc. (CRUS) available here: CRUS.
CRUS Ratings for March 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
66.6 |
| P2 |
92.01 |
91.01 |
77.23 |
| P3 |
95.53 |
94.48 |
88.87 |
AI Generated Signals for CRUS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CRUS:
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