Cencora COR Stock & Option Trade Ideas

Based on the technical data for COR:

• The MACD (Moving Average Convergence Divergence) indicates a strong bearish trend, as the MACD line is consistently below the signal line.
• The RSI (Relative Strength Index) has been fluctuating, but overall indicating a bearish sentiment, with values mostly below 50.
• The Bollinger Bands are narrowing, indicating potential for increased volatility or a forthcoming breakout.
• The stock price has been decreasing steadily over the past few weeks.

Overall, considering the technical indicators and price movement, COR is currently in a bearish trend.

Given the bearish outlook for COR, potential trading strategies could include:

• Stock Trades: Consider shorting COR stock or buying put options to profit from a further decline in the stock price.
• Option Trades: Look into bearish option strategies such as buying put options, selling call options, or using bear put spreads.
• Risk Management: Always consider setting stop-loss orders to manage risk and protect your capital in case of unexpected price movements.