pool adsHow to Trade Glatfelter Corp $GLT With Risk Controls
Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Glatfelter Corp (NYSE: GLT) report below can help you, but we have more details too. The trading plans for GLT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Weak |
| P1 | 0 | 0 | 11.42 |
| P2 | 15.99 | 15.14 | 14.02 |
| P3 | 16.83 | 16.29 | 16.25 |
Support and Resistance Plot Chart for GLT
Long Term Trading Plans for GLT
November 20, 2020, 7:00 am ET
The Technical Summary and Trading Plans for GLT 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 GLT Report.
GLT - (Long) Support Plan
The technical summary data tells us to buy GLT near 14.02 with an upside target of 16.25. This data also tells us to set a stop loss @ 13.98 to protect against excessive loss in case the stock begins to move against the trade. 14.02 is the first level of support below 15.85 , and by rule, any test of support is a buy signal. In this case, support 14.02 is being tested, a buy signal would exist.
GLT - (Short) Resistance Plan
The technical summary data is suggesting a short of GLT as it gets near 16.25 with a downside target of 14.02. We should have a stop loss in place at 16.3 though. 16.25 is the first level of resistance above 15.85, and by rule, any test of resistance is a short signal. In this case, if resistance 16.25 is being tested, a short signal would exist.
