When (COLM) Moves Investors should Listen
February 08, 2024, 09:44 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COLM
- Buy COLM slightly over 73.64 target 80.13 stop loss @ 73.43 Details
The technical summary data tells us to buy COLM near 73.64 with an upside target of 80.13. This data also tells us to set a stop loss @ 73.43 to protect against excessive loss in case the stock begins to move against the trade. 73.64 is the first level of support below 77.68 , and by rule, any test of support is a buy signal. In this case, support 73.64 is being tested, a buy signal would exist.
- Short COLM slightly under 80.13, target 73.64, stop loss @ 80.36 Details
The technical summary data is suggesting a short of COLM as it gets near 80.13 with a downside target of 73.64. We should have a stop loss in place at 80.36though. 80.13 is the first level of resistance above 77.68, and by rule, any test of resistance is a short signal. In this case, if resistance 80.13 is being tested, a short signal would exist.
Swing Trading Plans for COLM
- Buy COLM slightly over 78.45, target 80.13, Stop Loss @ 78.22 Details
If 78.45 begins to break higher, the technical summary data tells us to buy COLM just slightly over 78.45, with an upside target of 80.13. The data also tells us to set a stop loss @ 78.22 in case the stock turns against the trade. 78.45 is the first level of resistance above 77.68, and by rule, any break above resistance is a buy signal. In this case, 78.45, 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 COLM slightly near 78.45, target 73.64, Stop Loss @ 78.68. Details
The technical summary data is suggesting a short of COLM if it tests 78.45 with a downside target of 73.64. We should have a stop loss in place at 78.68 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, 78.45, 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 COLM
- Buy COLM slightly over 78.45, target 79.15, Stop Loss @ 78.27 Details
If 78.45 begins to break higher, the technical summary data tells us to buy COLM just slightly over 78.45, with an upside target of 79.15. The data also tells us to set a stop loss @ 78.27 in case the stock turns against the trade. 78.45 is the first level of resistance above 77.68, and by rule, any break above resistance is a buy signal. In this case, 78.45, 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 COLM slightly near 78.45, target 76.85, Stop Loss @ 78.63. Details
The technical summary data is suggesting a short of COLM if it tests 78.45 with a downside target of 76.85. We should have a stop loss in place at 78.63 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, 78.45, 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 Columbia Sportswear Company (COLM) available here: COLM.
COLM Ratings for February 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
67.01 |
| P2 |
76.85 |
78.45 |
73.64 |
| P3 |
79.15 |
81.74 |
80.13 |
AI Generated Signals for COLM
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 Columbia Sportswear Company (NASDAQ: COLM) report below is a real world example. Included are trading plans for COLM, 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 COLM:
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