pool adsSupervalu $SVU Technical Update
The Supervalu (NYSE: SVU) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SVU, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | 32.16 | 27.88 | 26.75 |
| P2 | 33.78 | 32.97 | |
| P3 | 0 | 39.34 | 38.88 |
Support and Resistance Plot Chart for SVU
Long Term Trading Plans for SVU
October 12, 2018, 8:45 pm ET
The Technical Summary and Trading Plans for SVU 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 SVU Report.
SVU - (Long) Support Plan
Buy over 26.75 target 32.97 stop loss @ 26.49.
The technical summary data tells us to buy SVU near 26.75 with an upside target of 32.97. This data also tells us to set a stop loss @ 26.49 to protect against excessive loss in case the stock begins to move against the trade. 26.75 is the first level of support below 32.48 , and by rule, any test of support is a buy signal. In this case, support 26.75 would be being tested, so a buy signal would exist.
SVU - (Short) Resistance Plan
Short under 32.97 target 26.75 stop loss @ 33.23.
The technical summary data is suggesting a short of SVU as it gets near 32.97 with a downside target of 26.75. We should have a stop loss in place at 33.23 though. 32.97 is the first level of resistance above 32.48, and by rule, any test of resistance is a short signal. In this case, if resistance 32.97 is being tested, so a short signal would exist.
