In this case, if resistance, 31.02, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 31.09 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of SRDX if it tests 31.02 with a downside target of 28.93. Short SRDX slightly near 31.02, target 28.93, Stop Loss 31.09.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 31.02, initial resistance, would be breaking higher, so a buy signal would exist. 31.02 is the first level of resistance above 30.29, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 30.95 in case the stock turns against the trade. If 31.02 begins to break higher, the technical summary data tells us to buy SRDX just slightly over 31.02, with an upside target of 32.44. Buy SRDX slightly slightly over 31.02, target 32.44, Stop Loss 30.95 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 30.88, is being tested a short signal would exist. We should have a stop loss in place at 30.97 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of SRDX if it tests 30.88 with a downside target of 28.70. Short SRDX slightly near 30.88, target 28.70, Stop Loss 30.97.In this case, 30.88, initial resistance, would be breaking higher, so a buy signal would exist. 30.88 is the first level of resistance above 30.29, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 30.79 in case the stock turns against the trade. If 30.88 begins to break higher, the technical summary data tells us to buy SRDX just slightly over 30.88, with an upside target of 32.44. Buy SRDX slightly slightly over 30.88, target 32.44, Stop Loss 30.79 Details.In this case, if resistance 32.44 is being tested, so a short signal would exist. 32.44 is the first level of resistance above 30.29, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 32.53though. The technical summary data is suggesting a short of SRDX as it gets near 32.44 with a downside target of 28.27. Short SRDX slightly under 32.44, target 28.27, stop loss 32.53 Details.In this case, support 28.27 would be being tested, so a buy signal would exist. 28.27 is the first level of support below 30.29, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 28.19 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy SRDX near 28.27 with an upside target of 32.44. Buy SRDX slightly slightly over 28.27 target 32.44 stop loss 28.19 Details.Source: Stock Traders Daily Longer Term Trading Plans for SRDX
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