When (MSM) Moves Investors should Listen
August 02, 2024, 08:02 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MSM
- Buy MSM slightly over 78.63 target 85.59 stop loss @ 78.4 Details
The technical summary data tells us to buy MSM near 78.63 with an upside target of 85.59. This data also tells us to set a stop loss @ 78.4 to protect against excessive loss in case the stock begins to move against the trade. 78.63 is the first level of support below 84.35 , and by rule, any test of support is a buy signal. In this case, support 78.63 would be being tested, so a buy signal would exist.
- Short MSM slightly under 85.59, target 78.63, stop loss @ 85.84 Details
The technical summary data is suggesting a short of MSM as it gets near 85.59 with a downside target of 78.63. We should have a stop loss in place at 85.84though. 85.59 is the first level of resistance above 84.35, and by rule, any test of resistance is a short signal. In this case, if resistance 85.59 is being tested, so a short signal would exist.
Swing Trading Plans for MSM
- Buy MSM slightly over 85.59, target 86, Stop Loss @ 85.34 Details
If 85.59 begins to break higher, the technical summary data tells us to buy MSM just slightly over 85.59, with an upside target of 86. The data also tells us to set a stop loss @ 85.34 in case the stock turns against the trade. 85.59 is the first level of resistance above 84.35, and by rule, any break above resistance is a buy signal. In this case, 85.59, 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 MSM slightly near 85.59, target 78.63, Stop Loss @ 85.84. Details
The technical summary data is suggesting a short of MSM if it tests 85.59 with a downside target of 78.63. We should have a stop loss in place at 85.84 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, 85.59, 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 MSM
- Buy MSM slightly over 85.59, target 86, Stop Loss @ 85.39 Details
If 85.59 begins to break higher, the technical summary data tells us to buy MSM just slightly over 85.59, with an upside target of 86. The data also tells us to set a stop loss @ 85.39 in case the stock turns against the trade. 85.59 is the first level of resistance above 84.35, and by rule, any break above resistance is a buy signal. In this case, 85.59, 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 MSM slightly near 85.59, target 78.63, Stop Loss @ 85.79. Details
The technical summary data is suggesting a short of MSM if it tests 85.59 with a downside target of 78.63. We should have a stop loss in place at 85.79 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, 85.59, 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 Msc Industrial Direct Company Inc. (MSM) available here: MSM.
MSM Ratings for August 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
78.63 |
| P2 |
85.47 |
86 |
85.59 |
| P3 |
88.6 |
89.92 |
92.09 |
AI Generated Signals for MSM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Msc Industrial Direct Company Inc. (NYSE: MSM) report below is a real world example. Included are trading plans for MSM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MSM:
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