Technical Analysis

Longer Term Trading Plans for CBT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short CBT slightly under 79.69, target n/a, stop loss @ 79.92 Details

The technical summary data is suggesting a short of CBT as it gets near 79.69, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 79.92. 79.69 is the first level of resistance above 77.44, and by rule, any test of resistance is a short signal. In this case, if resistance 79.69 is being tested, so a short signal would exist.

Swing Trading Plans for CBT

• Buy CBT slightly over 79.27, target 79.69, Stop Loss @ 79.04 Details

If 79.27 begins to break higher, the technical summary data tells us to buy CBT just over 79.27, with an upside target of 79.69. The data also tells us to set a stop loss @ 79.04 in case the stock turns against the trade. 79.27 is the first level of resistance above 77.44, and by rule, any break above resistance is a buy signal. In this case, 79.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CBT slightly near 79.27, target 76.89, Stop Loss @ 79.5. Details

The technical summary data is suggesting a short of CBT if it tests 79.27 with a downside target of 76.89. We should have a stop loss in place at 79.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CBT

• Buy CBT slightly over 77.9, target 79.27, Stop Loss @ 77.72 Details

If 77.9 begins to break higher, the technical summary data tells us to buy CBT just over 77.9, with an upside target of 79.27. The data also tells us to set a stop loss @ 77.72 in case the stock turns against the trade. 77.9 is the first level of resistance above 77.44, and by rule, any break above resistance is a buy signal. In this case, 77.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CBT slightly near 77.9, target 76.89, Stop Loss @ 78.08. Details

The technical summary data is suggesting a short of CBT if it tests 77.9 with a downside target of 76.89. We should have a stop loss in place at 78.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CBT Technical Summary | Raw Data for the Trading Plans