timtrice

CAM Long Entry for 7%, RR 1:2

Long
NYSE:CAM   None
0
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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