Cypress Semiconductor $CY Technical Update
The Cypress Semiconductor (NYSE: CY) 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 CY, 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 CY
September 3, 2018, 9:15 pm ET
The Technical Summary and Trading Plans for CY 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 CY Report.
CY – (Long) Support Plan
Buy over 16.87 target 18.76 stop loss @ 16.61.
The technical summary data tells us to buy CY near 16.87 with an upside target of 18.76. This data also tells us to set a stop loss @ 16.61 to protect against excessive loss in case the stock begins to move against the trade. 16.87 is the first level of support below 17.21 , and by rule, any test of support is a buy signal. In this case, support 16.87 is being tested, a buy signal would exist.
CY – (Short) Resistance Plan
Short under 18.76 target 16.87 stop loss @ 19.02
The technical summary data is suggesting a short of CY as it gets near 18.76 with a downside target of 16.87. We should have a stop loss in place at 19.02 though. 18.76 is the first level of resistance above 17.21, and by rule, any test of resistance is a short signal. In this case, if resistance 18.76 is being tested, a short signal would exist.
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