Canadian Imperial Bank of Commerce (CM)

Canadian Imperial Bank of Commerce is trading at $121.08, down 1.92% on the session. The 50 day average sits at $116.18 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 67.7, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $117.15 with resistance near $123.76, so that band frames the current range. Average daily movement is roughly $2.07, or about 1.7% of the share price, which is what any stop placement has to allow for. The overall health score of 74 out of 100 combines a trend score of 72, momentum of 78 and a risk score of 71.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, agriculture, and business accounts; mortgages; business, car, education, home, and other loans; lines of credit and agriculture loans; and cash management, small business financing, and overdraft protection services. The company also provides investment and insurance services; healthcare banking; credit cards; private banking, wealth planning, investment management, and estate planning and trust; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.