The Hourly View for CPG
Currently, CPG (Get Ratings)’s price is up $0.02 (0.56%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CPG’s Technical Outlook on the Daily Chart
At the time of this writing, CPG’s price is down $-0.03 (-0.64%) 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 50 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 CPG’s price action over the past 90 days.
For CPG News Traders
Investors and traders in CPG may be particularly interested in the following story that came out in the past day:
Top Ranked Value Stocks to Buy for March 17th
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