pool adsPROSHARES SHORT REAL ESTATE $REK Technical Update
The PROSHARES SHORT REAL ESTATE (NYSE: REK) 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 REK, 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 | Weak | Neutral | Neutral |
| P1 | 15.54 | 14.95 | 14.81 |
| P2 | 15.32 | 15.95 | |
| P3 | 0 | 15.73 | 17.19 |
Support and Resistance Plot Chart for REK
Long Term Trading Plans for REK
August 18, 2018, 3:45 am ET
The Technical Summary and Trading Plans for REK 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 REK Report.
REK - (Long) Support Plan
Buy over 14.81 target 15.95 stop loss @ 14.55.
The technical summary data tells us to buy REK near 14.81 with an upside target of 15.95. This data also tells us to set a stop loss @ 14.55 to protect against excessive loss in case the stock begins to move against the trade. 14.81 is the first level of support below 15.131 , and by rule, any test of support is a buy signal. In this case, support 14.81 would be being tested, so a buy signal would exist.
REK - (Short) Resistance Plan
Short under 15.95 target 14.81 stop loss @ 16.21.
The technical summary data is suggesting a short of REK as it gets near 15.95 with a downside target of 14.81. We should have a stop loss in place at 16.21 though. 15.95 is the first level of resistance above 15.131, and by rule, any test of resistance is a short signal. In this case, if resistance 15.95 is being tested, so a short signal would exist.
