When (CRC) Moves Investors should Listen
October 10, 2024, 01:26 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CRC
- Buy CRC near 50.5 target 54.7 stop loss @ 50.35 Details
The technical summary data tells us to buy CRC near 50.5 with an upside target of 54.7. This data also tells us to set a stop loss @ 50.35 to protect against excessive loss in case the stock begins to move against the trade. 50.5 is the first level of support below 51.52 , and by rule, any test of support is a buy signal. In this case, support 50.5 is being tested, a buy signal would exist.
- Short CRC slightly under 54.7, target 50.5, stop loss @ 54.86 Details
The technical summary data is suggesting a short of CRC as it gets near 54.7 with a downside target of 50.5. We should have a stop loss in place at 54.86though. 54.7 is the first level of resistance above 51.52, and by rule, any test of resistance is a short signal. In this case, if resistance 54.7 is being tested, a short signal would exist.
Swing Trading Plans for CRC
- Buy CRC slightly over 51.59, target 54.44, Stop Loss @ 51.44 Details
If 51.59 begins to break higher, the technical summary data tells us to buy CRC just slightly over 51.59, with an upside target of 54.44. The data also tells us to set a stop loss @ 51.44 in case the stock turns against the trade. 51.59 is the first level of resistance above 51.52, and by rule, any break above resistance is a buy signal. In this case, 51.59, 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 CRC slightly near 51.59, target 50.5, Stop Loss @ 51.74. Details
The technical summary data is suggesting a short of CRC if it tests 51.59 with a downside target of 50.5. We should have a stop loss in place at 51.74 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, 51.59, 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 CRC
- Buy CRC slightly over 51.59, target 52.77, Stop Loss @ 51.47 Details
If 51.59 begins to break higher, the technical summary data tells us to buy CRC just slightly over 51.59, with an upside target of 52.77. The data also tells us to set a stop loss @ 51.47 in case the stock turns against the trade. 51.59 is the first level of resistance above 51.52, and by rule, any break above resistance is a buy signal. In this case, 51.59, 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 CRC slightly near 51.59, target 50.93, Stop Loss @ 51.71. Details
The technical summary data is suggesting a short of CRC if it tests 51.59 with a downside target of 50.93. We should have a stop loss in place at 51.71 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, 51.59, 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 California Resources Corporation (CRC) available here: CRC.
CRC Ratings for October 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
45.97 |
| P2 |
50.93 |
51.59 |
50.5 |
| P3 |
52.77 |
54.44 |
54.7 |
AI Generated Signals for CRC
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 California Resources Corporation (NYSE: CRC) report below is a real world example. Included are trading plans for CRC, 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 CRC:
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