When Campbell Soup ($CPB) Moves Investors should Listen
September 16, 2023, 11:45 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CPB
- Buy CPB slightly over 42.72 target 47.26 stop loss @ 42.6 Details
The technical summary data tells us to buy CPB near 42.72 with an upside target of 47.26. This data also tells us to set a stop loss @ 42.6 to protect against excessive loss in case the stock begins to move against the trade. 42.72 is the first level of support below 43.04 , and by rule, any test of support is a buy signal. In this case, support 42.72 would be being tested, so a buy signal would exist.
- Short CPB slightly under 47.26, target 42.72, stop loss @ 47.4 Details
The technical summary data is suggesting a short of CPB as it gets near 47.26 with a downside target of 42.72. We should have a stop loss in place at 47.4though. 47.26 is the first level of resistance above 43.04, and by rule, any test of resistance is a short signal. In this case, if resistance 47.26 is being tested, so a short signal would exist.
Swing Trading Plans for CPB
- Buy CPB slightly over 47.26, target 51.67, Stop Loss @ 47.12 Details
If 47.26 begins to break higher, the technical summary data tells us to buy CPB just slightly over 47.26, with an upside target of 51.67. The data also tells us to set a stop loss @ 47.12 in case the stock turns against the trade. 47.26 is the first level of resistance above 43.04, and by rule, any break above resistance is a buy signal. In this case, 47.26, 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 CPB slightly near 47.26, target 42.84, Stop Loss @ 47.4. Details
The technical summary data is suggesting a short of CPB if it tests 47.26 with a downside target of 42.84. We should have a stop loss in place at 47.4 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, 47.26, 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 CPB
- Buy CPB slightly over 43.43, target 47.26, Stop Loss @ 43.33 Details
If 43.43 begins to break higher, the technical summary data tells us to buy CPB just slightly over 43.43, with an upside target of 47.26. The data also tells us to set a stop loss @ 43.33 in case the stock turns against the trade. 43.43 is the first level of resistance above 43.04, and by rule, any break above resistance is a buy signal. In this case, 43.43, 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 CPB slightly near 43.43, target 42.85, Stop Loss @ 43.53. Details
The technical summary data is suggesting a short of CPB if it tests 43.43 with a downside target of 42.85. We should have a stop loss in place at 43.53 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, 43.43, 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 Campbell Soup (CPB) available here: CPB.
CPB Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
42.72 |
| P2 |
42.85 |
41.50 |
47.26 |
| P3 |
43.43 |
42.84 |
51.67 |
AI Generated Signals for CPB
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 Campbell Soup (NYSE: CPB) report below is a real world example. Included are trading plans for CPB, 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 CPB:
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