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When Spdr S&p Metals & Mining (XME) Moves Investors should Listen

Longer Term Trading Plans for XME
  • Buy XME slightly over 42.75 target 50.73 stop loss @ 42.63 Details
  • The technical summary data tells us to buy XME near 42.75 with an upside target of 50.73. This data also tells us to set a stop loss @ 42.63 to protect against excessive loss in case the stock begins to move against the trade. 42.75 is the first level of support below 49.91 , and by rule, any test of support is a buy signal. In this case, support 42.75 would be being tested, so a buy signal would exist.

  • Short XME slightly under 50.73, target 42.75, stop loss @ 50.88 Details
  • The technical summary data is suggesting a short of XME as it gets near 50.73 with a downside target of 42.75. We should have a stop loss in place at 50.88though. 50.73 is the first level of resistance above 49.91, and by rule, any test of resistance is a short signal. In this case, if resistance 50.73 is being tested, so a short signal would exist.

Swing Trading Plans for XME
  • Buy XME slightly over 50.30, target 50.73, Stop Loss @ 50.15 Details
  • If 50.30 begins to break higher, the technical summary data tells us to buy XME just slightly over 50.30, with an upside target of 50.73. The data also tells us to set a stop loss @ 50.15 in case the stock turns against the trade. 50.30 is the first level of resistance above 49.91, and by rule, any break above resistance is a buy signal. In this case, 50.30, 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 XME slightly near 50.30, target 47.67, Stop Loss @ 50.45. Details
  • The technical summary data is suggesting a short of XME if it tests 50.30 with a downside target of 47.67. We should have a stop loss in place at 50.45 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, 50.30, 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 XME
  • Buy XME slightly over 49.98, target 50.30, Stop Loss @ 49.86 Details
  • If 49.98 begins to break higher, the technical summary data tells us to buy XME just slightly over 49.98, with an upside target of 50.30. The data also tells us to set a stop loss @ 49.86 in case the stock turns against the trade. 49.98 is the first level of resistance above 49.91, and by rule, any break above resistance is a buy signal. In this case, 49.98, 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 XME slightly near 49.98, target 47.67, Stop Loss @ 50.1. Details
  • The technical summary data is suggesting a short of XME if it tests 49.98 with a downside target of 47.67. We should have a stop loss in place at 50.1 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, 49.98, 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.

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XME Ratings for November 08:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 42.75
P2 47.54 47.67 50.73
P3 49.98 50.30 59.37
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Support and Resistance Plot Chart for XME

XME Long Term Analysis for November 8 2022

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  Spdr S&p Metals & Mining (NYSE: XME) report below is a real world example. Included are trading plans for XME, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports