pool adsEVEREST RE GROUP $RE Technical Update
The EVEREST RE GROUP (NYSE: RE) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for RE, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Neutral |
| P1 | 213.70 | 209.89 | 204.11 |
| P2 | 216.30 | 221.68 | 231.92 |
| P3 | 220.15 | 233.54 | 260.81 |
Support and Resistance Plot Chart for RE
Long Term Trading Plans for RE
August 18, 2018, 3:15 am ET
The Technical Summary and Trading Plans for RE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this RE Report.
RE - (Long) Support Plan
Buy over 204.11 target 231.92 stop loss @ 203.85.
The technical summary data tells us to buy RE near 204.11 with an upside target of 231.92. This data also tells us to set a stop loss @ 203.85 to protect against excessive loss in case the stock begins to move against the trade. 204.11 is the first level of support below 218.4 , and by rule, any test of support is a buy signal. In this case, support 204.11 would be being tested, so a buy signal would exist.
RE - (Short) Resistance Plan
Short under 231.92 target 204.11 stop loss @ 232.18.
The technical summary data is suggesting a short of RE as it gets near 231.92 with a downside target of 204.11. We should have a stop loss in place at 232.18 though. 231.92 is the first level of resistance above 218.4, and by rule, any test of resistance is a short signal. In this case, if resistance 231.92 is being tested, so a short signal would exist.
