pool adsPatterson Companies $PDCO Technical Update
The Patterson Companies (NASDAQ: PDCO) 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 PDCO, 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 | Neutral | Neutral | Neutral |
| P1 | 23.68 | 21.53 | 21.44 |
| P2 | 24.39 | 23.69 | 23.78 |
| P3 | 25.05 | 25.50 | 26.17 |
Support and Resistance Plot Chart for PDCO
Long Term Trading Plans for PDCO
November 13, 2018, 8:15 pm ET
The Technical Summary and Trading Plans for PDCO 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 PDCO Report.
PDCO - (Long) Support Plan
Buy over 23.78 target 26.17 stop loss @ 23.52.
The technical summary data tells us to buy PDCO near 23.78 with an upside target of 26.17. This data also tells us to set a stop loss @ 23.52 to protect against excessive loss in case the stock begins to move against the trade. 23.78 is the first level of support below 24.61 , and by rule, any test of support is a buy signal. In this case, support 23.78 is being tested, a buy signal would exist.
PDCO - (Short) Resistance Plan
Short under 26.17 target 23.78 stop loss @ 26.43
The technical summary data is suggesting a short of PDCO as it gets near 26.17 with a downside target of 23.78. We should have a stop loss in place at 26.43 though. 26.17 is the first level of resistance above 24.61, and by rule, any test of resistance is a short signal. In this case, if resistance 26.17 is being tested, a short signal would exist.
