When (CNM) Moves Investors should Listen
January 03, 2025, 15:28 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNM
- Buy CNM near 48.69 target 56.71 stop loss @ 48.55 Details
The technical summary data tells us to buy CNM near 48.69 with an upside target of 56.71. This data also tells us to set a stop loss @ 48.55 to protect against excessive loss in case the stock begins to move against the trade. 48.69 is the first level of support below 52.01 , and by rule, any test of support is a buy signal. In this case, support 48.69 is being tested, a buy signal would exist.
- Short CNM slightly under 56.71, target 48.69, stop loss @ 56.87 Details
The technical summary data is suggesting a short of CNM as it gets near 56.71 with a downside target of 48.69. We should have a stop loss in place at 56.87though. 56.71 is the first level of resistance above 52.01, and by rule, any test of resistance is a short signal. In this case, if resistance 56.71 is being tested, a short signal would exist.
Swing Trading Plans for CNM
- Buy CNM slightly over 56.71, target n/a, Stop Loss @ 56.55 Details
If 56.71 begins to break higher, the technical summary data tells us to buy CNM just slightly over 56.71, with an upside target of n/a. The data also tells us to set a stop loss @ 56.55 in case the stock turns against the trade. 56.71 is the first level of resistance above 52.01, and by rule, any break above resistance is a buy signal. In this case, 56.71, 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 CNM slightly near 56.71, target 51.6, Stop Loss @ 56.87. Details
The technical summary data is suggesting a short of CNM if it tests 56.71 with a downside target of 51.6. We should have a stop loss in place at 56.87 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, 56.71, 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 CNM
- Buy CNM slightly over 56.71, target n/a, Stop Loss @ 56.58 Details
If 56.71 begins to break higher, the technical summary data tells us to buy CNM just slightly over 56.71, with an upside target of n/a. The data also tells us to set a stop loss @ 56.58 in case the stock turns against the trade. 56.71 is the first level of resistance above 52.01, and by rule, any break above resistance is a buy signal. In this case, 56.71, 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 CNM slightly near 56.71, target 51.6, Stop Loss @ 56.84. Details
The technical summary data is suggesting a short of CNM if it tests 56.71 with a downside target of 51.6. We should have a stop loss in place at 56.84 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, 56.71, 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 Core & Main Inc. Class A (CNM) available here: CNM.
CNM Ratings for January 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
41.1 |
| P2 |
50.69 |
49.98 |
48.69 |
| P3 |
51.58 |
51.6 |
56.71 |
AI Generated Signals for CNM
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 Core & Main Inc. Class A (NYSE: CNM) report below is a real world example. Included are trading plans for CNM, 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 CNM:
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