Longer Term Trading Plans for SCMB
- Buy SCMB near 24.71 target 25.11 stop loss @ 24.64
- Short SCMB slightly under 25.11, target 24.71, stop loss @ 25.18
June 27, 2025, 09:48 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy SCMB near 24.71 with an upside target of 25.11. This data also tells us to set a stop loss @ 24.64 to protect against excessive loss in case the stock begins to move against the trade. 24.71 is the first level of support below 25.08 , and by rule, any test of support is a buy signal. In this case, support 24.71 would be being tested, so a buy signal would exist.
The technical…






