When (CNMD) Moves Investors should Listen
March 09, 2024, 11:06 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNMD
- Buy CNMD slightly over 79.77 target 95.14 stop loss @ 79.54 Details
The technical summary data tells us to buy CNMD near 79.77 with an upside target of 95.14. This data also tells us to set a stop loss @ 79.54 to protect against excessive loss in case the stock begins to move against the trade. 79.77 is the first level of support below 85.03 , and by rule, any test of support is a buy signal. In this case, support 79.77 would be being tested, so a buy signal would exist.
- Short CNMD slightly under 95.14, target 79.77, stop loss @ 95.41 Details
The technical summary data is suggesting a short of CNMD as it gets near 95.14 with a downside target of 79.77. We should have a stop loss in place at 95.41though. 95.14 is the first level of resistance above 85.03, and by rule, any test of resistance is a short signal. In this case, if resistance 95.14 is being tested, so a short signal would exist.
Swing Trading Plans for CNMD
- Buy CNMD slightly over 86.33, target 95.14, Stop Loss @ 86.08 Details
If 86.33 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 86.33, with an upside target of 95.14. The data also tells us to set a stop loss @ 86.08 in case the stock turns against the trade. 86.33 is the first level of resistance above 85.03, and by rule, any break above resistance is a buy signal. In this case, 86.33, 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 86.33, target 83.06, Stop Loss @ 86.58. Details
The technical summary data is suggesting a short of CNMD if it tests 86.33 with a downside target of 83.06. We should have a stop loss in place at 86.58 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, 86.33, 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 85.74, target 86.33, Stop Loss @ 85.54 Details
If 85.74 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 85.74, with an upside target of 86.33. The data also tells us to set a stop loss @ 85.54 in case the stock turns against the trade. 85.74 is the first level of resistance above 85.03, and by rule, any break above resistance is a buy signal. In this case, 85.74, 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 85.74, target 83.06, Stop Loss @ 85.94. Details
The technical summary data is suggesting a short of CNMD if it tests 85.74 with a downside target of 83.06. We should have a stop loss in place at 85.94 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, 85.74, 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 March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
79.77 |
| P2 |
85.74 |
83.06 |
95.14 |
| P3 |
87.4 |
86.33 |
111 |
AI Generated Signals for CNMD
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 Conmed Corp. - Ordinary Shares (NASDAQ: CNMD) report below is a real world example. Included are trading plans for CNMD, 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 CNMD:
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