Trading (CCD) With Integrated Risk Controls
June 20, 2024, 11:18 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CCD
- Buy CCD slightly over 21.85 target 23.33 stop loss @ 21.79 Details
The technical summary data tells us to buy CCD near 21.85 with an upside target of 23.33. This data also tells us to set a stop loss @ 21.79 to protect against excessive loss in case the stock begins to move against the trade. 21.85 is the first level of support below 22.345 , and by rule, any test of support is a buy signal. In this case, support 21.85 is being tested, a buy signal would exist.
- Short CCD slightly under 23.33, target 21.85, stop loss @ 23.4 Details
The technical summary data is suggesting a short of CCD as it gets near 23.33 with a downside target of 21.85. We should have a stop loss in place at 23.4though. 23.33 is the first level of resistance above 22.345, and by rule, any test of resistance is a short signal. In this case, if resistance 23.33 is being tested, a short signal would exist.
Swing Trading Plans for CCD
- Buy CCD slightly over 22.37, target 22.92, Stop Loss @ 22.31 Details
If 22.37 begins to break higher, the technical summary data tells us to buy CCD just slightly over 22.37, with an upside target of 22.92. The data also tells us to set a stop loss @ 22.31 in case the stock turns against the trade. 22.37 is the first level of resistance above 22.345, and by rule, any break above resistance is a buy signal. In this case, 22.37, 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 CCD slightly near 22.37, target 21.85, Stop Loss @ 22.43. Details
The technical summary data is suggesting a short of CCD if it tests 22.37 with a downside target of 21.85. We should have a stop loss in place at 22.43 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, 22.37, 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 CCD
- Buy CCD slightly over 22.37, target 22.92, Stop Loss @ 22.32 Details
If 22.37 begins to break higher, the technical summary data tells us to buy CCD just slightly over 22.37, with an upside target of 22.92. The data also tells us to set a stop loss @ 22.32 in case the stock turns against the trade. 22.37 is the first level of resistance above 22.345, and by rule, any break above resistance is a buy signal. In this case, 22.37, 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 CCD slightly near 22.37, target 22.05, Stop Loss @ 22.42. Details
The technical summary data is suggesting a short of CCD if it tests 22.37 with a downside target of 22.05. We should have a stop loss in place at 22.42 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, 22.37, 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 Calamos Dynamic Convertible & Income Fund (CCD) available here: CCD.
CCD Ratings for June 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
20.34 |
| P2 |
22.05 |
22.37 |
21.85 |
| P3 |
22.27 |
22.92 |
23.33 |
AI Generated Signals for CCD
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CCD:
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