Cambrex $CBM Technical Update
The Cambrex (NYSE: CBM) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CBM, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for CBM
September 13, 2018, 9:30 pm ET
The Technical Summary and Trading Plans for CBM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CBM Report.
CBM – (Long) Support Plan
Buy over 59.04 target 70.05 stop loss @ 58.78.
The technical summary data tells us to buy CBM near 59.04 with an upside target of 70.05. This data also tells us to set a stop loss @ 58.78 to protect against excessive loss in case the stock begins to move against the trade. 59.04 is the first level of support below 64.4 , and by rule, any test of support is a buy signal. In this case, support 59.04 is being tested, a buy signal would exist.
CBM – (Short) Resistance Plan
Short under 70.05 target 59.04 stop loss @ 70.31
The technical summary data is suggesting a short of CBM as it gets near 70.05 with a downside target of 59.04. We should have a stop loss in place at 70.31 though. 70.05 is the first level of resistance above 64.4, and by rule, any test of resistance is a short signal. In this case, if resistance 70.05 is being tested, a short signal would exist.
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