When (CR) Moves Investors should Listen
May 16, 2024, 15:28 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CR
- Buy CR slightly over 138.56 target 147.73 stop loss @ 138.16 Details
The technical summary data tells us to buy CR near 138.56 with an upside target of 147.73. This data also tells us to set a stop loss @ 138.16 to protect against excessive loss in case the stock begins to move against the trade. 138.56 is the first level of support below 146.3 , and by rule, any test of support is a buy signal. In this case, support 138.56 is being tested, a buy signal would exist.
- Short CR slightly under 147.73, target 138.56, stop loss @ 148.16 Details
The technical summary data is suggesting a short of CR as it gets near 147.73 with a downside target of 138.56. We should have a stop loss in place at 148.16though. 147.73 is the first level of resistance above 146.3, and by rule, any test of resistance is a short signal. In this case, if resistance 147.73 is being tested, a short signal would exist.
Swing Trading Plans for CR
- Buy CR slightly over 147.73, target 148.48, Stop Loss @ 147.3 Details
If 147.73 begins to break higher, the technical summary data tells us to buy CR just slightly over 147.73, with an upside target of 148.48. The data also tells us to set a stop loss @ 147.3 in case the stock turns against the trade. 147.73 is the first level of resistance above 146.3, and by rule, any break above resistance is a buy signal. In this case, 147.73, 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 CR slightly near 147.73, target 144.03, Stop Loss @ 148.16. Details
The technical summary data is suggesting a short of CR if it tests 147.73 with a downside target of 144.03. We should have a stop loss in place at 148.16 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, 147.73, 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 CR
- Buy CR slightly over 147.73, target 148.48, Stop Loss @ 147.39 Details
If 147.73 begins to break higher, the technical summary data tells us to buy CR just slightly over 147.73, with an upside target of 148.48. The data also tells us to set a stop loss @ 147.39 in case the stock turns against the trade. 147.73 is the first level of resistance above 146.3, and by rule, any break above resistance is a buy signal. In this case, 147.73, 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 CR slightly near 147.73, target 144.46, Stop Loss @ 148.07. Details
The technical summary data is suggesting a short of CR if it tests 147.73 with a downside target of 144.46. We should have a stop loss in place at 148.07 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, 147.73, 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 Crane Company (CR) available here: CR.
CR Ratings for May 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
129.03 |
| P2 |
144.46 |
144.03 |
138.56 |
| P3 |
148.48 |
148.48 |
147.73 |
AI Generated Signals for CR
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 Crane Company (NYSE: CR) report below is a real world example. Included are trading plans for CR, 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 CR:
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