When Kforce (KFRC) Moves Investors should Listen
October 31, 2021, 13:30 pm ET, BY Tyler- 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 Kforce (NASDAQ: KFRC) report below is a real world example. Included are trading plans for KFRC, 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 KFRC
- Buy KFRC slightly over 61.25 target 65.99 stop loss @ 61.07 Details
The technical summary data tells us to buy KFRC near 61.25 with an upside target of 65.99. This data also tells us to set a stop loss @ 61.07 to protect against excessive loss in case the stock begins to move against the trade. 61.25 is the first level of support below 64.76 , and by rule, any test of support is a buy signal. In this case, support 61.25 would be being tested, so a buy signal would exist.
- Short KFRC under 65.99, target 61.25, stop loss @ 66.18 Details
The technical summary data is suggesting a short of KFRC as it gets near 65.99 with a downside target of 61.25. We should have a stop loss in place at 66.18though. 65.99 is the first level of resistance above 64.76, and by rule, any test of resistance is a short signal. In this case, if resistance 65.99 is being tested, so a short signal would exist.
Swing Trading Plans for KFRC
- Buy KFRC slightly over 64.85, target 65.99, Stop Loss @ 64.66 Details
If 64.85 begins to break higher, the technical summary data tells us to buy KFRC just slightly over 64.85, with an upside target of 65.99. The data also tells us to set a stop loss @ 64.66 in case the stock turns against the trade. 64.85 is the first level of resistance above 64.76, and by rule, any break above resistance is a buy signal. In this case, 64.85, 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 KFRC near 64.85, target 63.01, Stop Loss @ 65.04. Details
The technical summary data is suggesting a short of KFRC if it tests 64.85 with a downside target of 63.01. We should have a stop loss in place at 65.04 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, 64.85, 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 KFRC
- Buy KFRC slightly over 64.88, target 65.99, Stop Loss @ 64.73 Details
If 64.88 begins to break higher, the technical summary data tells us to buy KFRC just slightly over 64.88, with an upside target of 65.99. The data also tells us to set a stop loss @ 64.73 in case the stock turns against the trade. 64.88 is the first level of resistance above 64.76, and by rule, any break above resistance is a buy signal. In this case, 64.88, 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 KFRC near 64.88, target 63.68, Stop Loss @ 65.03. Details
The technical summary data is suggesting a short of KFRC if it tests 64.88 with a downside target of 63.68. We should have a stop loss in place at 65.03 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, 64.88, 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.
KFRC Ratings for October 31:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
61.25 |
P2 |
63.68 |
63.01 |
65.99 |
P3 |
64.88 |
64.85 |
70.78 |
⚠Triggers may have already come
Support and Resistance Plot Chart for KFRC
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for KFRC: