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$CIMN | ($CIMN) Trading Signals (CIMN)

By Thomas Kee

$CIMN | ($CIMN) Trading Signals (CIMN)

The technical summary data tells us to buy CIMN near 24.57 with an upside target of 25.2. This data also tells us to set a stop loss @ 24.5 to protect against excessive loss in case the stock begins to move against the trade. 24.57 is the first level of support below 25.17 , and by rule, any test of support is a buy signal. In this case, support 24.57 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of CIMN as it gets near 25.2 with a downside target of 24.57. We should have a stop loss in place at 25.27though. 25.2 is the first level of resistance above 25.17, and by rule, any test of resistance is a short signal. In this case, if resistance 25.2 is being tested, a short signal would exist.

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