When (VMI) Moves Investors should Listen

April 25, 2024, 11:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VMI

• Buy VMI slightly over 203.7 target 223.43 stop loss @ 203.11 Details

The technical summary data tells us to buy VMI near 203.7 with an upside target of 223.43. This data also tells us to set a stop loss @ 203.11 to protect against excessive loss in case the stock begins to move against the trade. 203.7 is the first level of support below 208.975 , and by rule, any test of support is a buy signal. In this case, support 203.7 is being tested, a buy signal would exist.

• Short VMI slightly under 223.43, target 203.7, stop loss @ 224.08 Details

The technical summary data is suggesting a short of VMI as it gets near 223.43 with a downside target of 203.7. We should have a stop loss in place at 224.08though. 223.43 is the first level of resistance above 208.975, and by rule, any test of resistance is a short signal. In this case, if resistance 223.43 is being tested, a short signal would exist.

Swing Trading Plans for VMI

• Buy VMI slightly over 212.78, target 223.43, Stop Loss @ 212.17 Details

If 212.78 begins to break higher, the technical summary data tells us to buy VMI just slightly over 212.78, with an upside target of 223.43. The data also tells us to set a stop loss @ 212.17 in case the stock turns against the trade. 212.78 is the first level of resistance above 208.975, and by rule, any break above resistance is a buy signal. In this case, 212.78, 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 VMI slightly near 212.78, target 206.41, Stop Loss @ 213.39. Details

The technical summary data is suggesting a short of VMI if it tests 212.78 with a downside target of 206.41. We should have a stop loss in place at 213.39 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, 212.78, 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 VMI

• Buy VMI slightly over 212.78, target 213.41, Stop Loss @ 212.28 Details

If 212.78 begins to break higher, the technical summary data tells us to buy VMI just slightly over 212.78, with an upside target of 213.41. The data also tells us to set a stop loss @ 212.28 in case the stock turns against the trade. 212.78 is the first level of resistance above 208.975, and by rule, any break above resistance is a buy signal. In this case, 212.78, 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 VMI slightly near 212.78, target 206.41, Stop Loss @ 213.28. Details

The technical summary data is suggesting a short of VMI if it tests 212.78 with a downside target of 206.41. We should have a stop loss in place at 213.28 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, 212.78, 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  Valmont Industries Inc. (VMI) available here: VMI.

VMI Ratings for April 25:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	182.75
P2	213.41	206.41	203.7
P3	215.75	212.78	223.43

AI Generated Signals for VMI

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