Comerica INC. Stock Code CMA.NYS
Outlook
Price broke above the cloud a few trading sessions ago and has managed to stay above the cloud, keeping uptrend intact. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bullish with both its lines moving higher and away from the zero line, hinting of a bullish price trend. If price is able to stay above cloud, it could be heading towards the previous high at $78.99.
Strategy
$73.75 Buy
$78.95 Price Target
$70.10 Risk Management Stop
3 weeks Trade Duration
