Spdr Nuveen Barclays Capital S $SHM Technical Update

The Spdr Nuveen Barclays Capital S (NYSE: SHM) 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 SHM, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 47.62 47.78 47.52
P2 47.85
P3 0 48.18

Long Term Trading Plans for SHM

October 12, 2018, 6:00 am ET

The Technical Summary and Trading Plans for SHM 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 SHM Report.

SHM - (Long) Support Plan

Buy over 47.52 target 47.85 stop loss @ 47.26.
The technical summary data tells us to buy SHM near 47.52 with an upside target of 47.85. This data also tells us to set a stop loss @ 47.26 to protect against excessive loss in case the stock begins to move against the trade. 47.52 is the first level of support below 47.58 , and by rule, any test of support is a buy signal. In this case, support 47.52 would be being tested, so a buy signal would exist.

SHM - (Short) Resistance Plan

Short under 47.85 target 47.52 stop loss @ 48.11.
The technical summary data is suggesting a short of SHM as it gets near 47.85 with a downside target of 47.52. We should have a stop loss in place at 48.11 though. 47.85 is the first level of resistance above 47.58, and by rule, any test of resistance is a short signal. In this case, if resistance 47.85 is being tested, so a short signal would exist.

SHM Long Term Analysis

SHM Dividend Chart

SHM PE chart

SHM PEG chart