Trading (TXT) With Integrated Risk Controls
February 07, 2024, 01:02 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TXT
- Buy TXT slightly over 81.05 target 86.4 stop loss @ 80.82 Details
The technical summary data tells us to buy TXT near 81.05 with an upside target of 86.4. This data also tells us to set a stop loss @ 80.82 to protect against excessive loss in case the stock begins to move against the trade. 81.05 is the first level of support below 86.09 , and by rule, any test of support is a buy signal. In this case, support 81.05 is being tested, a buy signal would exist.
- Short TXT slightly under 86.4, target 81.05, stop loss @ 86.65 Details
The technical summary data is suggesting a short of TXT as it gets near 86.4 with a downside target of 81.05. We should have a stop loss in place at 86.65though. 86.4 is the first level of resistance above 86.09, and by rule, any test of resistance is a short signal. In this case, if resistance 86.4 is being tested, a short signal would exist.
Swing Trading Plans for TXT
- Buy TXT slightly over 86.4, target 89.12, Stop Loss @ 86.15 Details
If 86.4 begins to break higher, the technical summary data tells us to buy TXT just slightly over 86.4, with an upside target of 89.12. The data also tells us to set a stop loss @ 86.15 in case the stock turns against the trade. 86.4 is the first level of resistance above 86.09, and by rule, any break above resistance is a buy signal. In this case, 86.4, 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 TXT slightly near 86.4, target 85.24, Stop Loss @ 86.65. Details
The technical summary data is suggesting a short of TXT if it tests 86.4 with a downside target of 85.24. We should have a stop loss in place at 86.65 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, 86.4, 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 TXT
- Buy TXT slightly over 86.41, target 89.12, Stop Loss @ 86.21 Details
If 86.41 begins to break higher, the technical summary data tells us to buy TXT just slightly over 86.41, with an upside target of 89.12. The data also tells us to set a stop loss @ 86.21 in case the stock turns against the trade. 86.41 is the first level of resistance above 86.09, and by rule, any break above resistance is a buy signal. In this case, 86.41, 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 TXT slightly near 86.41, target 85.48, Stop Loss @ 86.61. Details
The technical summary data is suggesting a short of TXT if it tests 86.41 with a downside target of 85.48. We should have a stop loss in place at 86.61 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, 86.41, 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 Textron Inc. (TXT) available here: TXT.
TXT Ratings for February 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
75.77 |
| P2 |
85.48 |
85.24 |
81.05 |
| P3 |
86.41 |
89.12 |
86.4 |
AI Generated Signals for TXT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TXT:
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