Conmed $CNMD Technical Update – Stock Traders Daily

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Conmed $CNMD Technical Update

The Conmed (NASDAQ: CNMD) 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 CNMD, 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:

Technical Summary

Term → Near Mid Long
Bias Strong Neutral Neutral
P1 77.85 75.13 75.18
P2 79.23 78.30 79.55
P3 80.73 82.04 84.14

Long Term Trading Plans for CNMD

September 3, 2018, 12:30 pm ET

The Technical Summary and Trading Plans for CNMD 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 CNMD Report.

CNMD – (Long) Support Plan

Buy over 79.55 target 84.14 stop loss @ 79.29.
The technical summary data tells us to buy CNMD near 79.55 with an upside target of 84.14. This data also tells us to set a stop loss @ 79.29 to protect against excessive loss in case the stock begins to move against the trade. 79.55 is the first level of support below 80.64 , and by rule, any test of support is a buy signal. In this case, support 79.55 is being tested, a buy signal would exist.

CNMD – (Short) Resistance Plan

Short under 84.14 target 79.55 stop loss @ 84.4
The technical summary data is suggesting a short of CNMD as it gets near 84.14 with a downside target of 79.55. We should have a stop loss in place at 84.4 though. 84.14 is the first level of resistance above 80.64, and by rule, any test of resistance is a short signal. In this case, if resistance 84.14 is being tested, a short signal would exist.

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