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$CHRW | ($CHRW) On The My Stocks Page (CHRW)

By Thomas Kee
From Stock Traders Daily

$CHRW | ($CHRW) On The My Stocks Page (CHRW)

The technical summary data tells us to buy CHRW near 98.94 with an upside target of 108.82. This data also tells us to set a stop loss @ 98.65 to protect against excessive loss in case the stock begins to move against the trade. 98.94 is the first level of support below 104.34 , and by rule, any test of support is a buy signal. In this case, support 98.94 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of CHRW as it gets near 108.82 with a downside target of 98.94. We should have a stop loss in place at 109.13though. 108.82 is the first level of resistance above 104.34, and by rule, any test of resistance is a short signal. In this case, if resistance 108.82 is being tested, so a short signal would exist.

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