How the (NXJ) price action is used to our Advantage
September 05, 2024, 18:20 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NXJ
- Buy NXJ slightly over 12.62 target 13.01 stop loss @ 12.58 Details
The technical summary data tells us to buy NXJ near 12.62 with an upside target of 13.01. This data also tells us to set a stop loss @ 12.58 to protect against excessive loss in case the stock begins to move against the trade. 12.62 is the first level of support below 12.85 , and by rule, any test of support is a buy signal. In this case, support 12.62 is being tested, a buy signal would exist.
- Short NXJ slightly under 13.01, target 12.62, stop loss @ 13.05 Details
The technical summary data is suggesting a short of NXJ as it gets near 13.01 with a downside target of 12.62. We should have a stop loss in place at 13.05though. 13.01 is the first level of resistance above 12.85, and by rule, any test of resistance is a short signal. In this case, if resistance 13.01 is being tested, a short signal would exist.
Swing Trading Plans for NXJ
- Buy NXJ slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy NXJ just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 12.85, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 NXJ slightly near n/a, target 12.62, Stop Loss @ 0. Details
The technical summary data is suggesting a short of NXJ if it tests n/a with a downside target of 12.62. We should have a stop loss in place at 0 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, n/a, 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 NXJ
- Buy NXJ slightly over 13.01, target n/a, Stop Loss @ 12.98 Details
If 13.01 begins to break higher, the technical summary data tells us to buy NXJ just slightly over 13.01, with an upside target of n/a. The data also tells us to set a stop loss @ 12.98 in case the stock turns against the trade. 13.01 is the first level of resistance above 12.85, and by rule, any break above resistance is a buy signal. In this case, 13.01, 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 NXJ slightly near 13.01, target 12.62, Stop Loss @ 13.04. Details
The technical summary data is suggesting a short of NXJ if it tests 13.01 with a downside target of 12.62. We should have a stop loss in place at 13.04 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, 13.01, 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 Nuveen New Jersey Qualified Municipal Fund (NXJ) available here: NXJ.
NXJ Ratings for September 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
12.17 |
| P2 |
12.9 |
12.88 |
12.62 |
| P3 |
0 |
|
13.01 |
AI Generated Signals for NXJ
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 Nuveen New Jersey Qualified Municipal Fund (NYSE: NXJ) data table below can help you with price action, and we have more details too. Trading plans for NXJ 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 NXJ:
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