CORE & MAIN INC-CLASS A (NYSE:CNM) - A Strong Technical Setup for Breakout Investors

Last update: May 31, 2025

CORE & MAIN INC-CLASS A (NYSE:CNM) has been identified as a potential breakout candidate by our technical screening process. The stock shows a combination of solid technical strength and a high-quality setup pattern, making it worth a closer look for traders focused on momentum opportunities.

Technical Strength

Technical Rating of 8: CNM scores well on multiple technical factors, including both short-term and long-term positive trends.
Strong Trend Alignment: The stock is trading above key moving averages (20-day, 50-day, 100-day, and 200-day), confirming bullish momentum.
Relative Performance: While CNM outperforms 56% of all stocks over the past year, it remains in line with broader market trends, suggesting stability rather than excessive speculation.
Volume Support: Average daily trading volume of over 2.1 million shares indicates healthy liquidity, reducing slippage risk for traders.

Setup Quality

Setup Rating of 9: The stock is consolidating within a defined range ($49.93 - $55.08), with decreasing volatility—a classic sign of a potential breakout.
Clear Support & Resistance:
- Support levels are well-defined between $53.24 and $54.59, providing a logical stop-loss zone.
- Resistance sits at $55.78, with a breakout above this level potentially signaling further upside.
Recent Pocket Pivot: A bullish volume pattern suggests accumulation, reinforcing the case for upward momentum.

Trade Considerations

Entry Point: A break above $55.79 could serve as a trigger for a long position.
Risk Management: A stop-loss below $53.23 limits downside to ~4.6%, keeping risk controlled.
Portfolio Allocation: For a 1% portfolio risk, a position size of ~21.8% of capital could be considered.

For a deeper analysis, review the full technical report for CNM.

Our Technical Breakout Setups screener updates daily with new potential opportunities.

Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk tolerance before trading.