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CAE Inc. ( $CAE ) – stock is trading under 50 dollars as of July 5th , 2019 and offering a possible buying price between $27.52 – $28.90. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out from a long base back in end of January.
3. The stock had steady run after that.
4. After few weeks for consolidation, the stock exploded on heavier volume.
5. The sellers attempt to reset the stock in the next week, but it managed to hold on to the gains.
6. The stock also found support at the 50 day moving average line throughout the run.
7. The stock came out of another quick consolidation and offering a possible buying price between $27.52 – $28.90 with a stop loss at $25.32.
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