pool adsHow to Trade Pdl Biopharma $PDLI with Risk Controls
Smart Money investors care about the price action a stock experiences. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. The data below is a snapshot taken at the time this report was published. The Pdl Biopharma (NASDAQ: PDLI) report below can help you find opportunity, and manage risk. The trading plans for PDLI, and the other 1000+ stocks we follow, are updated in real time for subscribers. 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 | Strong | Weak |
| P1 | 0 | 0 | 2.22 |
| P2 | 2.70 | 2.75 | 2.61 |
| P3 | 0 | 3.03 |
Support and Resistance Plot Chart for PDLI
Long Term Trading Plans for PDLI
December 25, 2020, 4:30 pm ET
The Technical Summary and Trading Plans for PDLI 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 PDLI Report.
PDLI - (Long) Support Plan
The technical summary data tells us to buy PDLI near 2.61 with an upside target of 3.03. This data also tells us to set a stop loss @ 2.6 to protect against excessive loss in case the stock begins to move against the trade. 2.61 is the first level of support below 2.68 , and by rule, any test of support is a buy signal. In this case, support 2.61 is being tested, a buy signal would exist.
PDLI - (Short) Resistance Plan
The technical summary data is suggesting a short of PDLI as it gets near 3.03 with a downside target of 2.61. We should have a stop loss in place at 3.04though. 3.03 is the first level of resistance above 2.68, and by rule, any test of resistance is a short signal. In this case, if resistance 3.03 is being tested, a short signal would exist.
