Trend Tracker for (COR)

November 17, 2024, 22:36 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COR

• Buy COR near 238.97 target 255.05 stop loss @ 238.28 Details

The technical summary data tells us to buy COR near 238.97 with an upside target of 255.05. This data also tells us to set a stop loss @ 238.28 to protect against excessive loss in case the stock begins to move against the trade. 238.97 is the first level of support below 240.24 , and by rule, any test of support is a buy signal. In this case, support 238.97 is being tested, a buy signal would exist.

• Short COR slightly under 255.05, target 238.97, stop loss @ 255.79 Details

The technical summary data is suggesting a short of COR as it gets near 255.05 with a downside target of 238.97. We should have a stop loss in place at 255.79though. 255.05 is the first level of resistance above 240.24, and by rule, any test of resistance is a short signal. In this case, if resistance 255.05 is being tested, a short signal would exist.

Swing Trading Plans for COR

• Buy COR slightly over 244.72, target 255.05, Stop Loss @ 244.01 Details

If 244.72 begins to break higher, the technical summary data tells us to buy COR just slightly over 244.72, with an upside target of 255.05. The data also tells us to set a stop loss @ 244.01 in case the stock turns against the trade. 244.72 is the first level of resistance above 240.24, and by rule, any break above resistance is a buy signal. In this case, 244.72, 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 COR slightly near 244.72, target 238.97, Stop Loss @ 245.43. Details

The technical summary data is suggesting a short of COR if it tests 244.72 with a downside target of 238.97. We should have a stop loss in place at 245.43 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, 244.72, 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 COR

• Buy COR slightly over 243.28, target 244.72, Stop Loss @ 242.71 Details

If 243.28 begins to break higher, the technical summary data tells us to buy COR just slightly over 243.28, with an upside target of 244.72. The data also tells us to set a stop loss @ 242.71 in case the stock turns against the trade. 243.28 is the first level of resistance above 240.24, and by rule, any break above resistance is a buy signal. In this case, 243.28, 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 COR slightly near 243.28, target 238.97, Stop Loss @ 243.85. Details

The technical summary data is suggesting a short of COR if it tests 243.28 with a downside target of 238.97. We should have a stop loss in place at 243.85 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, 243.28, 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 Amerisourcebergen Corporation (COR) available here: COR.

COR Ratings for November 17:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	223.23
P2	238.24	244.72	238.97
P3	243.28	256.5	255.05

AI Generated Signals for COR

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The data for Amerisourcebergen Corporation (NYSE: COR) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for COR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if COR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for COR too.  All of these are offered below the Summary Table.