How the (POOL) price action is used to our Advantage
April 19, 2024, 00:56 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for POOL
- Buy POOL slightly over 360.11 target 390.54 stop loss @ 359.07 Details
The technical summary data tells us to buy POOL near 360.11 with an upside target of 390.54. This data also tells us to set a stop loss @ 359.07 to protect against excessive loss in case the stock begins to move against the trade. 360.11 is the first level of support below 362.91 , and by rule, any test of support is a buy signal. In this case, support 360.11 would be being tested, so a buy signal would exist.
- Short POOL slightly under 390.54, target 360.11, stop loss @ 391.67 Details
The technical summary data is suggesting a short of POOL as it gets near 390.54 with a downside target of 360.11. We should have a stop loss in place at 391.67though. 390.54 is the first level of resistance above 362.91, and by rule, any test of resistance is a short signal. In this case, if resistance 390.54 is being tested, so a short signal would exist.
Swing Trading Plans for POOL
- Buy POOL slightly over 371.15, target 390.54, Stop Loss @ 370.08 Details
If 371.15 begins to break higher, the technical summary data tells us to buy POOL just slightly over 371.15, with an upside target of 390.54. The data also tells us to set a stop loss @ 370.08 in case the stock turns against the trade. 371.15 is the first level of resistance above 362.91, and by rule, any break above resistance is a buy signal. In this case, 371.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short POOL slightly near 371.15, target 360.11, Stop Loss @ 372.22. Details
The technical summary data is suggesting a short of POOL if it tests 371.15 with a downside target of 360.11. We should have a stop loss in place at 372.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 371.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for POOL
- Buy POOL slightly over 366.89, target 371.15, Stop Loss @ 366.03 Details
If 366.89 begins to break higher, the technical summary data tells us to buy POOL just slightly over 366.89, with an upside target of 371.15. The data also tells us to set a stop loss @ 366.03 in case the stock turns against the trade. 366.89 is the first level of resistance above 362.91, and by rule, any break above resistance is a buy signal. In this case, 366.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short POOL slightly near 366.89, target 362.29, Stop Loss @ 367.75. Details
The technical summary data is suggesting a short of POOL if it tests 366.89 with a downside target of 362.29. We should have a stop loss in place at 367.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 366.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Pool Corporation (POOL) available here: POOL.
POOL Ratings for April 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
360.11 |
| P2 |
362.29 |
359.24 |
390.54 |
| P3 |
366.89 |
371.15 |
420.35 |
AI Generated Signals for POOL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Pool Corporation (NASDAQ: POOL) data table below can help you with price action, and we have more details too. Trading plans for POOL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for POOL:
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