December 29, 2024, 20:04 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CIM

• Buy CIM near 13.73 target 15.2 stop loss @ 13.69 Details

The technical summary data tells us to buy CIM near 13.73 with an upside target of 15.2. This data also tells us to set a stop loss @ 13.69 to protect against excessive loss in case the stock begins to move against the trade. 13.73 is the first level of support below 14.17 , and by rule, any test of support is a buy signal. In this case, support 13.73 would be being tested, so a buy signal would exist.

• Short CIM slightly under 15.2, target 13.73, stop loss @ 15.24 Details


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