Long
CAM Long Entry for 7%, RR 1:2
CAM is offering a conservative trade for 7% w/ a price target of $60 though CAM has considerable strength, this will likely be topped. If you're trading for a stop at previous support ($52.45) your risk/reward ratio will be roughly 1:1.09. However, CAM has a 1.54 beta so swings should be mild. I have a 3% stop loss at $54.37 which marks the downtrend break, is within the gap, and just below this week's support thus making a R/R ratio > 1:2 which is quite acceptable.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.