Learn to Evaluate (CNMD) using the Charts
July 18, 2024, 18:42 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNMD
- Buy CNMD slightly over 67.12 target 77.54 stop loss @ 66.93 Details
The technical summary data tells us to buy CNMD near 67.12 with an upside target of 77.54. This data also tells us to set a stop loss @ 66.93 to protect against excessive loss in case the stock begins to move against the trade. 67.12 is the first level of support below 71.59 , and by rule, any test of support is a buy signal. In this case, support 67.12 is being tested, a buy signal would exist.
- Short CNMD slightly under 77.54, target 67.12, stop loss @ 77.76 Details
The technical summary data is suggesting a short of CNMD as it gets near 77.54 with a downside target of 67.12. We should have a stop loss in place at 77.76though. 77.54 is the first level of resistance above 71.59, and by rule, any test of resistance is a short signal. In this case, if resistance 77.54 is being tested, a short signal would exist.
Swing Trading Plans for CNMD
- Buy CNMD slightly over 74.67, target 77.54, Stop Loss @ 74.45 Details
If 74.67 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 74.67, with an upside target of 77.54. The data also tells us to set a stop loss @ 74.45 in case the stock turns against the trade. 74.67 is the first level of resistance above 71.59, and by rule, any break above resistance is a buy signal. In this case, 74.67, 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 74.67, target 69.73, Stop Loss @ 74.89. Details
The technical summary data is suggesting a short of CNMD if it tests 74.67 with a downside target of 69.73. We should have a stop loss in place at 74.89 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, 74.67, 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 73.47, target 74.67, Stop Loss @ 73.3 Details
If 73.47 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 73.47, with an upside target of 74.67. The data also tells us to set a stop loss @ 73.3 in case the stock turns against the trade. 73.47 is the first level of resistance above 71.59, and by rule, any break above resistance is a buy signal. In this case, 73.47, 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 73.47, target 69.73, Stop Loss @ 73.64. Details
The technical summary data is suggesting a short of CNMD if it tests 73.47 with a downside target of 69.73. We should have a stop loss in place at 73.64 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, 73.47, 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 July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
57.02 |
| P2 |
73.47 |
69.73 |
67.12 |
| P3 |
76.44 |
74.67 |
77.54 |
AI Generated Signals for CNMD
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Conmed Corp. - Ordinary Shares (NASDAQ: CNMD) report below can help you understand how to do this. The trading plans for CNMD, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNMD:
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