pool adsProshares Ultra Health Care $RXL Technical Update
The Proshares Ultra Health Care (NYSE: RXL) 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 RXL, 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 | 103.42 | 104.08 | 99.62 |
| P2 | 106.13 | 113.27 | 110.81 |
| P3 | 109.91 | 121.24 | 122.28 |
Support and Resistance Plot Chart for RXL
Long Term Trading Plans for RXL
October 22, 2018, 7:15 pm ET
The Technical Summary and Trading Plans for RXL 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 RXL Report.
RXL - (Long) Support Plan
Buy over 99.62 target 110.81 stop loss @ 99.36.
The technical summary data tells us to buy RXL near 99.62 with an upside target of 110.81. This data also tells us to set a stop loss @ 99.36 to protect against excessive loss in case the stock begins to move against the trade. 99.62 is the first level of support below 104.11 , and by rule, any test of support is a buy signal. In this case, support 99.62 would be being tested, so a buy signal would exist.
RXL - (Short) Resistance Plan
Short under 110.81 target 99.62 stop loss @ 111.07.
The technical summary data is suggesting a short of RXL as it gets near 110.81 with a downside target of 99.62. We should have a stop loss in place at 111.07 though. 110.81 is the first level of resistance above 104.11, and by rule, any test of resistance is a short signal. In this case, if resistance 110.81 is being tested, so a short signal would exist.
