Proshares Ultra Dow30 $DDM Technical Update
The Proshares Ultra Dow30 (NYSE: DDM) 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 DDM, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for DDM
March 14, 2019, 7:15 pm ET
The Technical Summary and Trading Plans for DDM 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 DDM Report.
DDM - (Long) Support Plan
The technical summary data tells us to buy DDM near 42.81 with an upside target of 49.61. This data also tells us to set a stop loss @ 42.55 to protect against excessive loss in case the stock begins to move against the trade. 42.81 is the first level of support below 45.76 , and by rule, any test of support is a buy signal. In this case, support 42.81 is being tested, a buy signal would exist.
DDM - (Short) Resistance Plan
The technical summary data is suggesting a short of DDM as it gets near 49.61 with a downside target of 42.81. We should have a stop loss in place at 49.87 though. 49.61 is the first level of resistance above 45.76, and by rule, any test of resistance is a short signal. In this case, if resistance 49.61 is being tested, a short signal would exist.