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March 15, 2021, 8:10 p.m. EDT

Using the Action in Comerica $CMA to our Advantage

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Mar 15, 2021 (Stock Traders Daily via COMTEX) -- Our job as investors is to pay attention to the stocks we own. Part of that involves looking at the fundamentals, but half of the disclosure comes from looking at price action. The Comerica /zigman2/quotes/207245846/composite CMA +1.65% data table below can help you with price action, and we have more details too. Trading plans for CMA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for CMA 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 CMA Report.

The technical summary data tells us to buy CMA near 70.13, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 69.93 to protect against excessive loss in case the stock begins to move against the trade. 70.13 is the first level of support below 70.18, and by rule, any test of support is a buy signal. In this case, if support 70.13 is being tested, a buy signal would exist.

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

COMTEX_382762301/2570/2021-03-15T20:10:28

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/207245846/composite
US : U.S.: NYSE
$ 79.43
+1.29 +1.65%
Volume: 1.00M
May 14, 2021 4:03p
P/E Ratio
12.85
Dividend Yield
3.42%
Market Cap
$11.09 billion
Rev. per Employee
$383,736
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