When Ishares Biotechnology Etf (IBB) Moves Investors should Listen

July 03, 2021, 07:30 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Ishares Biotechnology Etf (NYSE: IBB) report below is a real world example. Included are trading plans for IBB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for IBB

• Buy IBB slightly over 160.82 target 172.14 stop loss @ 160.36 Details

The technical summary data tells us to buy IBB near 160.82 with an upside target of 172.14. This data also tells us to set a stop loss @ 160.36 to protect against excessive loss in case the stock begins to move against the trade. 160.82 is the first level of support below 164.74 , and by rule, any test of support is a buy signal. In this case, support 160.82 is being tested, a buy signal would exist.

• Short IBB under 172.14, target 160.82, stop loss @ 172.64 Details

The technical summary data is suggesting a short of IBB as it gets near 172.14 with a downside target of 160.82. We should have a stop loss in place at 172.64though. 172.14 is the first level of resistance above 164.74, and by rule, any test of resistance is a short signal. In this case, if resistance 172.14 is being tested, a short signal would exist.

Swing Trading Plans for IBB

• Buy IBB slightly over 166.25, target 172.14, Stop Loss @ 165.77 Details

If 166.25 begins to break higher, the technical summary data tells us to buy IBB just slightly over 166.25, with an upside target of 172.14. The data also tells us to set a stop loss @ 165.77 in case the stock turns against the trade. 166.25 is the first level of resistance above 164.74, and by rule, any break above resistance is a buy signal. In this case, 166.25, 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 IBB near 166.25, target 164.32, Stop Loss @ 166.73. Details

The technical summary data is suggesting a short of IBB if it tests 166.25 with a downside target of 164.32. We should have a stop loss in place at 166.73 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, 166.25, 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 IBB

• Buy IBB slightly over 165.00, target 166.25, Stop Loss @ 164.62 Details

If 165.00 begins to break higher, the technical summary data tells us to buy IBB just slightly over 165.00, with an upside target of 166.25. The data also tells us to set a stop loss @ 164.62 in case the stock turns against the trade. 165.00 is the first level of resistance above 164.74, and by rule, any break above resistance is a buy signal. In this case, 165.00, 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 IBB near 165.00, target 164.32, Stop Loss @ 165.38. Details

The technical summary data is suggesting a short of IBB if it tests 165.00 with a downside target of 164.32. We should have a stop loss in place at 165.38 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, 165.00, 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.

IBB Ratings for July 03:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	149.83
P2	163.86	164.32	160.82
P3	165.00	166.25	172.14

Support and Resistance Plot Chart for IBB

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