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Is CPT setting up for a drop? 20 Day Moving Average Resistance shows up after slipping 0.98%
CPT posted a 0.98% loss on Wednesday, July 15th, accompanied by 1.1× normal trading volume. Multiple bearish signals emerged — 20 DMA Resistance and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 110.99, 110.12 & 108.76, with resistance at 113.22, 114.58 & 115.45.
Current SwingTradeBot Technical Rating of CPT: B
There’s more where that came from. See all of today’s signals for CPT here.
Read full article here »