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Trading (PSN) With Integrated Risk Controls

Longer Term Trading Plans for PSN
  • Buy PSN slightly over 65.51 target 68.86 stop loss @ 65.32 Details
  • The technical summary data tells us to buy PSN near 65.51 with an upside target of 68.86. This data also tells us to set a stop loss @ 65.32 to protect against excessive loss in case the stock begins to move against the trade. 65.51 is the first level of support below 67.87 , and by rule, any test of support is a buy signal. In this case, support 65.51 is being tested, a buy signal would exist.

  • Short PSN slightly under 68.86, target 65.51, stop loss @ 69.06 Details
  • The technical summary data is suggesting a short of PSN as it gets near 68.86 with a downside target of 65.51. We should have a stop loss in place at 69.06though. 68.86 is the first level of resistance above 67.87, and by rule, any test of resistance is a short signal. In this case, if resistance 68.86 is being tested, a short signal would exist.

Swing Trading Plans for PSN
  • Buy PSN slightly over 68.86, target n/a, Stop Loss @ 68.66 Details
  • If 68.86 begins to break higher, the technical summary data tells us to buy PSN just slightly over 68.86, with an upside target of n/a. The data also tells us to set a stop loss @ 68.66 in case the stock turns against the trade. 68.86 is the first level of resistance above 67.87, and by rule, any break above resistance is a buy signal. In this case, 68.86, 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 PSN slightly near 68.86, target 67.27, Stop Loss @ 69.06. Details
  • The technical summary data is suggesting a short of PSN if it tests 68.86 with a downside target of 67.27. We should have a stop loss in place at 69.06 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, 68.86, 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 PSN
  • Buy PSN slightly over 68.04, target 68.86, Stop Loss @ 67.88 Details
  • If 68.04 begins to break higher, the technical summary data tells us to buy PSN just slightly over 68.04, with an upside target of 68.86. The data also tells us to set a stop loss @ 67.88 in case the stock turns against the trade. 68.04 is the first level of resistance above 67.87, and by rule, any break above resistance is a buy signal. In this case, 68.04, 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 PSN slightly near 68.04, target 67.48, Stop Loss @ 68.2. Details
  • The technical summary data is suggesting a short of PSN if it tests 68.04 with a downside target of 67.48. We should have a stop loss in place at 68.2 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, 68.04, 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.

Real Time Updates are available on our Parsons Corporation (PSN) Page here: PSN.

PSN Ratings for February 12:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 62.21
P2 67.48 65.74 65.51
P3 68.04 67.27 68.86
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Support and Resistance Plot Chart for PSN

PSN Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Parsons Corporation (NYSE: PSN) report below can help you, but we have more details too. The trading plans for PSN, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.