The Hourly View for CP
Currently, CP (Get Ratings)’s price is up $1.24 (0.33%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. 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.
CP’s Technical Outlook on the Daily Chart
At the moment, CP’s price is down $-0.91 (-0.24%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend 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 CP’s price action over the past 90 days.
For CP News Traders
News traders keeping an eye on CP may find value in this recent story:
Aegion Corporation (NASDAQ: AEGN)
Want More Great Investing Ideas?