Mar 24, 2021 (Stock Traders Daily via COMTEX) -- The next move in a stock's price is often identifiable in advance. This Comerica /zigman2/quotes/207245846/composite CMA -1.01% report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for CMA make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
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 64.80 with an upside target of 71.59. This data also tells us to set a stop loss @ 64.61 to protect against excessive loss in case the stock begins to move against the trade. 64.80 is the first level of support below 66.74 , and by rule, any test of support is a buy signal. In this case, support 64.80 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of CMA as it gets near 71.59 with a downside target of 64.80. We should have a stop loss in place at 71.8though. 71.59 is the first level of resistance above 66.74, and by rule, any test of resistance is a short signal. In this case, if resistance 71.59 is being tested, a short signal would exist.
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