Longer Term Trading Plans for CNC
- Buy CNC near 49.31 target 55.69 stop loss @ 49.17
- Short CNC slightly under 55.69, target 49.31, stop loss @ 55.85
June 22, 2025, 06:24 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy CNC near 49.31 with an upside target of 55.69. This data also tells us to set a stop loss @ 49.17 to protect against excessive loss in case the stock begins to move against the trade. 49.31 is the first level of support below 54.4 , and by rule, any test of support is a buy signal. In this case, support 49.31 would be being tested, so a buy signal would exist.
The technical…







