Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CDW stock price is trading close to the supply zone of $215.</a> </li> 
 <li> <span>2</span> <a>Buyers are keen to register a breakout beyond $215.</a> </li> 
</ul> 
<p>CDW Corporation (NASDAQ: CDW) CDW share price is trading close to the trajectory hurdle of $215, from stock faced multiple time rejection and buyers did not succeed to escape. However, this time, buyers are looking confident and assuring the breakout. Furthermore, the price action witnessed the massive buying momentum with strong open interest addition signifying the long buildup and buyers willingness to extend the trading range. Additionally, stock has gained pace after its Q3 earning results which were above the estimates.</p> 
<p>CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions. The Other segment focuses on CDW UK and Canada. The company was founded in 1984 by Michael P. Krasny and is headquartered in Lincolnshire, IL.</p> 
<h2 class="wp-block-heading" id="strong-will-cdw-stock-succeed-in-scratching-52-week-high-of-215-strong"><strong>Will CDW Stock Succeed in Scratching 52 Week High of $215?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193.png" alt="CDW Stock (NASDAQ: CDW) Near 52 Week Highs, is CDW a Wise Pick?" class="wp-image-180060" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-193-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   <strong>Source: CDW Stock/NASDAQ By TradingView</strong>
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, CDW stock price is trading close to the 52 week high of $215 and is above the significant moving averages. Furthermore, the price action highlights buying momentum and is suggesting that CDW stock will become a multibagger stock and may reach $300 soon.</p> 
<p>The live price of CDW stock is $209.37 with an intraday gain of 0.04% showing neutrality on the charts. Moreover, the trading volume is noted at 450.89K and the market capitalization stands at $28.037 Billion. Furthermore, Analysts have maintained a buy rating with a yearly target price of $255.63 suggests a strong growth outlook for the upcoming sessions.</p> 
<p>Besides this, CDW stock is holding the bullish territory and is close to the 61.8% Fibonacci retracement zone and is close to the upper bollinger band.</p> 
<p>The option chain data shows that $200 is the near term support zone, whereas the resistance stood at $215. Above that, $225 is the further barrier and $185 is the lower support zone.</p> 
<p>The RSI curve stayed in the overbought zone and shows a bullish divergence indicating an outperformance in the next sessions.</p> 
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram suggesting a positive outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/11/07/wbi-share-price-crashes-below-1-gbx-analysts-hope-for-a-recovery/" target="_blank" rel="noreferrer noopener">CDW stock price </a>is trading close to the crucial hurdle of $215 which is the 52 week high resistance zone. Furthermore, the price action witnessed the buyers accumulation and is suggesting that CDW stock will make a fresh new 52 week high and may reach $250 in the next sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $200 and $185</p> 
<p>Resistance Levels: $225 and $240</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

CDW Stock (NASDAQ: CDW) Near 52 Week Highs, is CDW a Wise Pick?

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