The Hourly View for CDW
At the time of this writing, CDW (Get Ratings)’s price is down $-2.94 (-1.75%) from the hour prior. The hourly chart shows that CDW has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
CDW’s Technical Outlook on the Daily Chart
At the moment, CDW’s price is down $-2.8 (-1.67%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows CDW’s price action over the past 90 days.
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The post CDW Corp (CDW): Price Now Near $165.12; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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