How the (CWB) price action is used to our Advantage
February 06, 2024, 09:00 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CWB
- Buy CWB slightly over 70.37 target 72.49 stop loss @ 70.17 Details
The technical summary data tells us to buy CWB near 70.37 with an upside target of 72.49. This data also tells us to set a stop loss @ 70.17 to protect against excessive loss in case the stock begins to move against the trade. 70.37 is the first level of support below 70.96 , and by rule, any test of support is a buy signal. In this case, support 70.37 is being tested, a buy signal would exist.
- Short CWB slightly under 72.49, target 70.37, stop loss @ 72.7 Details
The technical summary data is suggesting a short of CWB as it gets near 72.49 with a downside target of 70.37. We should have a stop loss in place at 72.7though. 72.49 is the first level of resistance above 70.96, and by rule, any test of resistance is a short signal. In this case, if resistance 72.49 is being tested, a short signal would exist.
Swing Trading Plans for CWB
- Buy CWB slightly over 71.11, target 71.63, Stop Loss @ 70.9 Details
If 71.11 begins to break higher, the technical summary data tells us to buy CWB just slightly over 71.11, with an upside target of 71.63. The data also tells us to set a stop loss @ 70.9 in case the stock turns against the trade. 71.11 is the first level of resistance above 70.96, and by rule, any break above resistance is a buy signal. In this case, 71.11, 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 CWB slightly near 71.11, target 70.37, Stop Loss @ 71.32. Details
The technical summary data is suggesting a short of CWB if it tests 71.11 with a downside target of 70.37. We should have a stop loss in place at 71.32 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, 71.11, 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 CWB
- Buy CWB slightly over 71.19, target 71.63, Stop Loss @ 71.02 Details
If 71.19 begins to break higher, the technical summary data tells us to buy CWB just slightly over 71.19, with an upside target of 71.63. The data also tells us to set a stop loss @ 71.02 in case the stock turns against the trade. 71.19 is the first level of resistance above 70.96, and by rule, any break above resistance is a buy signal. In this case, 71.19, 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 CWB slightly near 71.19, target 70.9, Stop Loss @ 71.36. Details
The technical summary data is suggesting a short of CWB if it tests 71.19 with a downside target of 70.9. We should have a stop loss in place at 71.36 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, 71.19, 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 Spdr Bloomberg Convertible Securities Etf (CWB) available here: CWB.
CWB Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
68.14 |
| P2 |
70.9 |
71.11 |
70.37 |
| P3 |
71.19 |
71.63 |
72.49 |
AI Generated Signals for CWB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Spdr Bloomberg Convertible Securities Etf (NYSE: CWB) data table below can help you with price action, and we have more details too. Trading plans for CWB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CWB:
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