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$CBRL | ($CBRL) Investment Analysis and Advice (CBRL)

By Thomas Kee
From Stock Traders Daily

$CBRL | ($CBRL) Investment Analysis and Advice (CBRL)

The technical summary data tells us to buy CBRL near 49.76, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 49.62 to protect against excessive loss in case the stock begins to move against the trade. 49.76 is the first level of support below 53.4, and by rule, any test of support is a buy signal. In this case, if support 49.76 is being tested, a buy signal would exist.

NONE .

There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

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