Convergys $CVG Technical Update – Stock Traders Daily

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Convergys $CVG Technical Update

The Convergys (NYSE: CVG) 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 CVG, 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 Neutral Neutral Neutral
P1 24.79 23.91 23.37
P2 25.00 24.66 24.90
P3 0 25.56 26.47

Long Term Trading Plans for CVG

September 3, 2018, 7:45 pm ET

The Technical Summary and Trading Plans for CVG 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 CVG Report.

CVG – (Long) Support Plan

Buy over 23.37 target 24.90 stop loss @ 23.11.
The technical summary data tells us to buy CVG near 23.37 with an upside target of 24.90. This data also tells us to set a stop loss @ 23.11 to protect against excessive loss in case the stock begins to move against the trade. 23.37 is the first level of support below 24.73 , and by rule, any test of support is a buy signal. In this case, support 23.37 would be being tested, so a buy signal would exist.

CVG – (Short) Resistance Plan

Short under 24.90 target 23.37 stop loss @ 25.16.
The technical summary data is suggesting a short of CVG as it gets near 24.90 with a downside target of 23.37. We should have a stop loss in place at 25.16 though. 24.90 is the first level of resistance above 24.73, and by rule, any test of resistance is a short signal. In this case, if resistance 24.90 is being tested, so a short signal would exist.

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