How the price action of Vanguard Information Technolog ($VGT) is used to our Advantage

October 11, 2023, 15:45 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VGT

• Buy VGT slightly over 425.80 target 449.34 stop loss @ 424.57 Details

The technical summary data tells us to buy VGT near 425.80 with an upside target of 449.34. This data also tells us to set a stop loss @ 424.57 to protect against excessive loss in case the stock begins to move against the trade. 425.80 is the first level of support below 430.18 , and by rule, any test of support is a buy signal. In this case, support 425.80 would be being tested, so a buy signal would exist.

• Short VGT slightly under 449.34, target 425.80, stop loss @ 450.64 Details

The technical summary data is suggesting a short of VGT as it gets near 449.34 with a downside target of 425.80. We should have a stop loss in place at 450.64though. 449.34 is the first level of resistance above 430.18, and by rule, any test of resistance is a short signal. In this case, if resistance 449.34 is being tested, so a short signal would exist.

Swing Trading Plans for VGT

• Buy VGT slightly over 449.34, target 473.60, Stop Loss @ 448.04 Details

If 449.34 begins to break higher, the technical summary data tells us to buy VGT just slightly over 449.34, with an upside target of 473.60. The data also tells us to set a stop loss @ 448.04 in case the stock turns against the trade. 449.34 is the first level of resistance above 430.18, and by rule, any break above resistance is a buy signal. In this case, 449.34, 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 VGT slightly near 449.34, target 427.57, Stop Loss @ 450.64. Details

The technical summary data is suggesting a short of VGT if it tests 449.34 with a downside target of 427.57. We should have a stop loss in place at 450.64 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, 449.34, 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 VGT

• Buy VGT slightly over 432.09, target 449.34, Stop Loss @ 431.08 Details

If 432.09 begins to break higher, the technical summary data tells us to buy VGT just slightly over 432.09, with an upside target of 449.34. The data also tells us to set a stop loss @ 431.08 in case the stock turns against the trade. 432.09 is the first level of resistance above 430.18, and by rule, any break above resistance is a buy signal. In this case, 432.09, 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 VGT slightly near 432.09, target 427.57, Stop Loss @ 433.1. Details

The technical summary data is suggesting a short of VGT if it tests 432.09 with a downside target of 427.57. We should have a stop loss in place at 433.1 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, 432.09, 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  Vanguard Information Technolog (VGT) available here: VGT.

VGT Ratings for October 11:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	425.80
P2	427.09	417.63	449.34
P3	432.09	427.57	473.60

AI Generated Signals for VGT

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Vanguard Information Technolog (NYSE: VGT) data table below can help you with price action, and we have more details too. Trading plans for VGT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.