Trading Everest Re Group RE With Integrated Risk Controls

October 13, 2021, 16:30 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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.

Longer Term Trading Plans for RE

• Buy RE slightly 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 slightly 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 slightly 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 slightly 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 slightly 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 Ratings for October 13:

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

Support and Resistance Plot Chart for RE

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