Spdr Barclays Tips $IPE Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 56.40 | 55.98 | 55.92 |
| P2 | 56.52 | 56.44 | |
| P3 | 0 | 57.07 | 56.98 |
Support and Resistance Plot Chart for IPE
Long Term Trading Plans for IPE
July 14, 2019, 4:15 pm ET
The Technical Summary and Trading Plans for IPE 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 IPE Report.
IPE - (Long) Support Plan
The technical summary data tells us to buy IPE near 55.92 with an upside target of 56.44. This data also tells us to set a stop loss @ 55.66 to protect against excessive loss in case the stock begins to move against the trade. 55.92 is the first level of support below 56.27 , and by rule, any test of support is a buy signal. In this case, support 55.92 would be being tested, so a buy signal would exist.
IPE - (Short) Resistance Plan
The technical summary data is suggesting a short of IPE as it gets near 56.44 with a downside target of 55.92. We should have a stop loss in place at 56.7 though. 56.44 is the first level of resistance above 56.27, and by rule, any test of resistance is a short signal. In this case, if resistance 56.44 is being tested, so a short signal would exist.
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