pool adsProshares Ultrapro Short Russe $SRTY Technical Update
The Proshares Ultrapro Short Russe (NASDAQ: SRTY) 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 SRTY, 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 | 23.22 | 20.52 | 19.19 |
| P2 | 23.97 | 23.49 | 29.38 |
| P3 | 24.67 | 26.75 | 41.21 |
Support and Resistance Plot Chart for SRTY
Long Term Trading Plans for SRTY
April 20, 2019, 3:15 am ET
The Technical Summary and Trading Plans for SRTY 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 SRTY Report.
SRTY - (Long) Support Plan
The technical summary data tells us to buy SRTY near 19.19 with an upside target of 29.38. This data also tells us to set a stop loss @ 18.93 to protect against excessive loss in case the stock begins to move against the trade. 19.19 is the first level of support below 24.26 , and by rule, any test of support is a buy signal. In this case, support 19.19 would be being tested, so a buy signal would exist.
SRTY - (Short) Resistance Plan
The technical summary data is suggesting a short of SRTY as it gets near 29.38 with a downside target of 19.19. We should have a stop loss in place at 29.64 though. 29.38 is the first level of resistance above 24.26, and by rule, any test of resistance is a short signal. In this case, if resistance 29.38 is being tested, so a short signal would exist.
