CNA (CNA Financial Corp) will trigger a short entry on any print below the 48.50 support level. This stock was one of the Property & Casualty stocks covered in the recent Insurance Sector Trade Ideas & Analysis video. CNA recently broke down below an ascending price channel & appears likely to break below the 48.50 support level soon.
CNA daily Sept 5th
The first & sole price target at this time is 44.89 with the potential for a second price target to be added around the 40.40ish support level. The suggested stop is any move above 50.40 & a suggested beta-adjustment of 1.0. Keep in mind this is a thinly traded stock & as such, limit orders are typically preferable over market orders.