Cadre Holdings, Inc. engages in the manufacture and distribution of safety and survivability products, and other related products for the law enforcement, first responder and military markets.
The stock of Cadre Holdings has recently hit our first target of $40 and is now retesting the breakout level near $31.50. This retest of the breakout level is a crucial moment for the stock, as it will determine whether the previous breakout was a sustainable move or a false breakout.
Traders and investors should closely monitor the price action around this level to gauge the stock's strength and potential future direction. A successful retest and subsequent bounce could indicate further upside potential, while a failure to hold above the breakout level may suggest a potential reversal or consolidation.
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