When (CPK) Moves Investors should Listen
May 30, 2024, 01:36 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CPK
- Buy CPK slightly over 99.96 target 110.83 stop loss @ 99.67 Details
The technical summary data tells us to buy CPK near 99.96 with an upside target of 110.83. This data also tells us to set a stop loss @ 99.67 to protect against excessive loss in case the stock begins to move against the trade. 99.96 is the first level of support below 106.87 , and by rule, any test of support is a buy signal. In this case, support 99.96 is being tested, a buy signal would exist.
- Short CPK slightly under 110.83, target 99.96, stop loss @ 111.15 Details
The technical summary data is suggesting a short of CPK as it gets near 110.83 with a downside target of 99.96. We should have a stop loss in place at 111.15though. 110.83 is the first level of resistance above 106.87, and by rule, any test of resistance is a short signal. In this case, if resistance 110.83 is being tested, a short signal would exist.
Swing Trading Plans for CPK
- Buy CPK slightly over 110.1, target 110.83, Stop Loss @ 109.78 Details
If 110.1 begins to break higher, the technical summary data tells us to buy CPK just slightly over 110.1, with an upside target of 110.83. The data also tells us to set a stop loss @ 109.78 in case the stock turns against the trade. 110.1 is the first level of resistance above 106.87, and by rule, any break above resistance is a buy signal. In this case, 110.1, 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 CPK slightly near 110.1, target 106.6, Stop Loss @ 110.42. Details
The technical summary data is suggesting a short of CPK if it tests 110.1 with a downside target of 106.6. We should have a stop loss in place at 110.42 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, 110.1, 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.
Day Trading Plans for CPK
- Buy CPK slightly over 107.86, target 110.1, Stop Loss @ 107.61 Details
If 107.86 begins to break higher, the technical summary data tells us to buy CPK just slightly over 107.86, with an upside target of 110.1. The data also tells us to set a stop loss @ 107.61 in case the stock turns against the trade. 107.86 is the first level of resistance above 106.87, and by rule, any break above resistance is a buy signal. In this case, 107.86, 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 CPK slightly near 107.86, target 106.6, Stop Loss @ 108.11. Details
The technical summary data is suggesting a short of CPK if it tests 107.86 with a downside target of 106.6. We should have a stop loss in place at 108.11 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, 107.86, 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 Chesapeake Utilities Corporation (CPK) available here: CPK.
CPK Ratings for May 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
88.41 |
| P2 |
106 |
106.6 |
99.96 |
| P3 |
107.86 |
110.1 |
110.83 |
AI Generated Signals for CPK
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 Chesapeake Utilities Corporation (NYSE: CPK) report below is a real world example. Included are trading plans for CPK, 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 CPK:
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