Trading Everest Re Group RE With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for RE
  • Buy RE over 254.24 target 270.79 stop loss @ 253.51 Details
  • The technical summary data tells us to buy RE near 254.24 with an upside target of 270.79. This data also tells us to set a stop loss @ 253.51 to protect against excessive loss in case the stock begins to move against the trade. 254.24 is the first level of support below 266.19 , and by rule, any test of support is a buy signal. In this case, support 254.24 would be being tested, so a buy signal would exist.

  • Short RE under 270.79, target 254.24, stop loss @ 271.57 Details
  • The technical summary data is suggesting a short of RE as it gets near 270.79 with a downside target of 254.24. We should have a stop loss in place at 271.57though. 270.79 is the first level of resistance above 266.19, and by rule, any test of resistance is a short signal. In this case, if resistance 270.79 is being tested, so a short signal would exist.

Swing Trading Plans for RE
  • Buy RE over 270.79, target 273.22, Stop Loss @ 270.01 Details
  • If 270.79 begins to break higher, the technical summary data tells us to buy RE just over 270.79, with an upside target of 273.22. The data also tells us to set a stop loss @ 270.01 in case the stock turns against the trade. 270.79 is the first level of resistance above 266.19, and by rule, any break above resistance is a buy signal. In this case, 270.79, 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 RE near 270.79, target 263.65, Stop Loss @ 271.57. Details
  • The technical summary data is suggesting a short of RE if it tests 270.79 with a downside target of 263.65. We should have a stop loss in place at 271.57 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, 270.79, 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 RE
  • Buy RE over 270.79, target 272.17, Stop Loss @ 270.16 Details
  • If 270.79 begins to break higher, the technical summary data tells us to buy RE just over 270.79, with an upside target of 272.17. The data also tells us to set a stop loss @ 270.16 in case the stock turns against the trade. 270.79 is the first level of resistance above 266.19, and by rule, any break above resistance is a buy signal. In this case, 270.79, 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 RE near 270.79, target 264.49, Stop Loss @ 271.42. Details
  • The technical summary data is suggesting a short of RE if it tests 270.79 with a downside target of 264.49. We should have a stop loss in place at 271.42 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, 270.79, 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.

RE Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 254.24
P2 264.49 263.65 270.79
P3 272.17 273.22 286.62

RE Long Term Analysis for October 13 2021


RE Swing Trading Analysis for October 13 2021


RE Day Trading Analysis for October 13 2021

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 Everest Re Group (NYSE: RE) report below can help you, but we have more details too. The trading plans for RE, 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.

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