CTS Corporation CTS Stock Analysis

CTS Corporation’s stock trades under the ticker CTS & closed at $38.53/share on 6/7/2021.

CTS has been on a run from the $32/share range since early-mid May, and while they appear from a technical standpoint to be cooling off a bit as they establish a new price range, this gives traders an opportunity for gains on the way up & down for CTS stock.

CTS Corporation CTS Stock Technical Performance For The Last Year

CTS Stock Price: $38.53

10 Day Moving-Average: $38.34

50 Day Moving-Average: $33.44

200 Day Moving-Average: $30.31

RSI: 66

CTS Corporation’s stock’s RSI is just coming back from being in overbought territory, with what appears to be a bit more steam to blow off in the near-term.

CTS’s MACD just completed a bearish cross, after the price level was stopped around the $39.50 level, and with the stock price about to bearishly cross through the 10 Day Moving-Average the case for CTS puts becomes quite strong.

I am looking at the $40 puts, as their delta of -.76 & gamma of .16 are more appealing than the out-of-the-money $35 puts.

CTS stock’s $35 calls look the best from the upside, although traders can also look for a longer-term entry as the price level begins to stabilize in the $36-37 range.

*** I DO NOT OWN SHARES OF CTS STOCK ***

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