Longer Term Trading Plans for CB
- Buy CB near 271.94 target 287.84 stop loss @ 271.15
- Short CB slightly under 287.84, target 271.94, stop loss @ 288.67
June 22, 2025, 05:38 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy CB near 271.94 with an upside target of 287.84. This data also tells us to set a stop loss @ 271.15 to protect against excessive loss in case the stock begins to move against the trade. 271.94 is the first level of support below 283.82 , and by rule, any test of support is a buy signal. In this case, support 271.94 would be being tested, so a buy signal would exist.
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