Trading (ITB) With Integrated Risk Controls
July 16, 2024, 02:24 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ITB
- Buy ITB slightly over 101.88 target 111.74 stop loss @ 101.59 Details
The technical summary data tells us to buy ITB near 101.88 with an upside target of 111.74. This data also tells us to set a stop loss @ 101.59 to protect against excessive loss in case the stock begins to move against the trade. 101.88 is the first level of support below 108.48 , and by rule, any test of support is a buy signal. In this case, support 101.88 would be being tested, so a buy signal would exist.
- Short ITB slightly under 111.74, target 101.88, stop loss @ 112.06 Details
The technical summary data is suggesting a short of ITB as it gets near 111.74 with a downside target of 101.88. We should have a stop loss in place at 112.06though. 111.74 is the first level of resistance above 108.48, and by rule, any test of resistance is a short signal. In this case, if resistance 111.74 is being tested, so a short signal would exist.
Swing Trading Plans for ITB
- Buy ITB slightly over 109.31, target 111.74, Stop Loss @ 108.99 Details
If 109.31 begins to break higher, the technical summary data tells us to buy ITB just slightly over 109.31, with an upside target of 111.74. The data also tells us to set a stop loss @ 108.99 in case the stock turns against the trade. 109.31 is the first level of resistance above 108.48, and by rule, any break above resistance is a buy signal. In this case, 109.31, 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 ITB slightly near 109.31, target 102.48, Stop Loss @ 109.63. Details
The technical summary data is suggesting a short of ITB if it tests 109.31 with a downside target of 102.48. We should have a stop loss in place at 109.63 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, 109.31, 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 ITB
- Buy ITB slightly over 109.31, target 110.24, Stop Loss @ 109.05 Details
If 109.31 begins to break higher, the technical summary data tells us to buy ITB just slightly over 109.31, with an upside target of 110.24. The data also tells us to set a stop loss @ 109.05 in case the stock turns against the trade. 109.31 is the first level of resistance above 108.48, and by rule, any break above resistance is a buy signal. In this case, 109.31, 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 ITB slightly near 109.31, target 102.48, Stop Loss @ 109.57. Details
The technical summary data is suggesting a short of ITB if it tests 109.31 with a downside target of 102.48. We should have a stop loss in place at 109.57 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, 109.31, 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 Ishares U.s. Home Construction Etf (ITB) available here: ITB.
ITB Ratings for July 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
101.88 |
| P2 |
110.24 |
102.48 |
111.74 |
| P3 |
113.51 |
109.31 |
121.42 |
AI Generated Signals for ITB
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ITB:
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