Vectren $VVC Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 71.90 | 71.48 | 69.65 |
| P2 | 71.78 | 73.02 | |
| P3 | 0 | 72.02 | 76.00 |
Support and Resistance Plot Chart for VVC
Long Term Trading Plans for VVC
December 12, 2018, 4:30 am ET
The Technical Summary and Trading Plans for VVC 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 VVC Report.
VVC - (Long) Support Plan
The technical summary data tells us to buy VVC near 69.65 with an upside target of 73.02. This data also tells us to set a stop loss @ 69.39 to protect against excessive loss in case the stock begins to move against the trade. 69.65 is the first level of support below 71.8 , and by rule, any test of support is a buy signal. In this case, support 69.65 would be being tested, so a buy signal would exist.
VVC - (Short) Resistance Plan
The technical summary data is suggesting a short of VVC as it gets near 73.02 with a downside target of 69.65. We should have a stop loss in place at 73.28 though. 73.02 is the first level of resistance above 71.8, and by rule, any test of resistance is a short signal. In this case, if resistance 73.02 is being tested, so a short signal would exist.
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