How the (CDW) price action is used to our Advantage

April 30, 2024, 02:36 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CDW

• Buy CDW slightly over 240.59 target 251.89 stop loss @ 239.9 Details

The technical summary data tells us to buy CDW near 240.59 with an upside target of 251.89. This data also tells us to set a stop loss @ 239.9 to protect against excessive loss in case the stock begins to move against the trade. 240.59 is the first level of support below 245.94 , and by rule, any test of support is a buy signal. In this case, support 240.59 would be being tested, so a buy signal would exist.

• Short CDW slightly under 251.89, target 240.59, stop loss @ 252.62 Details

The technical summary data is suggesting a short of CDW as it gets near 251.89 with a downside target of 240.59. We should have a stop loss in place at 252.62though. 251.89 is the first level of resistance above 245.94, and by rule, any test of resistance is a short signal. In this case, if resistance 251.89 is being tested, so a short signal would exist.

Swing Trading Plans for CDW

• Buy CDW slightly over 251.89, target 263.24, Stop Loss @ 251.16 Details

If 251.89 begins to break higher, the technical summary data tells us to buy CDW just slightly over 251.89, with an upside target of 263.24. The data also tells us to set a stop loss @ 251.16 in case the stock turns against the trade. 251.89 is the first level of resistance above 245.94, and by rule, any break above resistance is a buy signal. In this case, 251.89, 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 CDW slightly near 251.89, target 245.17, Stop Loss @ 252.62. Details

The technical summary data is suggesting a short of CDW if it tests 251.89 with a downside target of 245.17. We should have a stop loss in place at 252.62 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, 251.89, 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 CDW

• Buy CDW slightly over 246.39, target 251.89, Stop Loss @ 245.82 Details

If 246.39 begins to break higher, the technical summary data tells us to buy CDW just slightly over 246.39, with an upside target of 251.89. The data also tells us to set a stop loss @ 245.82 in case the stock turns against the trade. 246.39 is the first level of resistance above 245.94, and by rule, any break above resistance is a buy signal. In this case, 246.39, 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 CDW slightly near 246.39, target 245.17, Stop Loss @ 246.96. Details

The technical summary data is suggesting a short of CDW if it tests 246.39 with a downside target of 245.17. We should have a stop loss in place at 246.96 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, 246.39, 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  Cdw Corporation (CDW) available here: CDW.

CDW Ratings for April 30:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	240.59
P2	244.52	238.41	251.89
P3	246.39	245.17	263.24

AI Generated Signals for CDW

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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  Cdw Corporation (NYSE: CDW) data table below can help you with price action, and we have more details too. Trading plans for CDW 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.