CDW Corporation ( $CDW ) stock is trading little over $100 as of July 8th , 2019 and offering a possible buying price between $111.69 – $117.27. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out from a correction back in February, along with the general market.
3. The stock had a nice run after that.
4. The stock tried to surge again, but witnessed a reaction.
5. The sellers took the stock below 50 day moving average line, but the bulls brought the stock back above the key line, right away.
6. The stock is trading above the 50 DMA since then.
7. The stock also seen couple of weeks of heavy volume accumulation.
8. The stock is offering possible buying price between $111.69 – $117.27 with a stop loss price at $102.75.
