How to Trade Ishares Nasdaq Biotechnology E $IBB With Risk Controls

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Review the IBB Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Neutral Strong Strong
P1 0 0 127.77
P2 137.76 138.01 139.31
P3 139.58 141.15 149.37

Long Term Trading Plans for IBB

November 20, 2020, 6:30 pm ET

The Technical Summary and Trading Plans for IBB 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 IBB Report.

IBB - (Long) Support Plan

The technical summary data tells us to buy IBB near 127.77 with an upside target of 139.31. This data also tells us to set a stop loss @ 127.4 to protect against excessive loss in case the stock begins to move against the trade. 127.77 is the first level of support below 138.87 , and by rule, any test of support is a buy signal. In this case, support 127.77 would be being tested, so a buy signal would exist.

IBB - (Short) Resistance Plan

The technical summary data is suggesting a short of IBB as it gets near 139.31 with a downside target of 127.77. We should have a stop loss in place at 139.71 though. 139.31 is the first level of resistance above 138.87, and by rule, any test of resistance is a short signal. In this case, if resistance 139.31 is being tested, so a short signal would exist.

IBB Long Term Analysis

IBB Dividend Chart

IBB PE chart

IBB PEG chart