CTS Shares Face Sustained Selling Pressure

CTS equity continues to experience a significant downturn, with its value declining by 4.49% to $38.29 over the past 24 hours. This recent drop contributes to a broader negative trend, as the stock has closed lower in seven of the last ten trading sessions, resulting in a cumulative loss of 8.09% for this period.

From a technical analysis perspective, the outlook appears challenging. The stock is firmly entrenched in a downward trajectory. A key bearish signal is evident in the moving averages, where the 20-day average has fallen below the 60-day average. Current resistance levels are established at $42.15 and $43.57, while support rests at $37.56 and $36.15. A decisive break below these support zones could potentially trigger another wave of selling activity.

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