When Ishares Biotechnology Etf (IBB) Moves Investors should Listen

September 26, 2022, 00:30 am ET, BY James G.- 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 112.11 target 124.67 stop loss @ 111.79 Details

The technical summary data tells us to buy IBB near 112.11 with an upside target of 124.67. This data also tells us to set a stop loss @ 111.79 to protect against excessive loss in case the stock begins to move against the trade. 112.11 is the first level of support below 115.32 , and by rule, any test of support is a buy signal. In this case, support 112.11 is being tested, a buy signal would exist.

• Short IBB slightly under 124.67, target 112.11, stop loss @ 125.03 Details

The technical summary data is suggesting a short of IBB as it gets near 124.67 with a downside target of 112.11. We should have a stop loss in place at 125.03though. 124.67 is the first level of resistance above 115.32, and by rule, any test of resistance is a short signal. In this case, if resistance 124.67 is being tested, a short signal would exist.

Swing Trading Plans for IBB

• Buy IBB slightly over 119.62, target 124.67, Stop Loss @ 119.27 Details

If 119.62 begins to break higher, the technical summary data tells us to buy IBB just slightly over 119.62, with an upside target of 124.67. The data also tells us to set a stop loss @ 119.27 in case the stock turns against the trade. 119.62 is the first level of resistance above 115.32, and by rule, any break above resistance is a buy signal. In this case, 119.62, 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 slightly near 119.62, target 114.27, Stop Loss @ 119.97. Details

The technical summary data is suggesting a short of IBB if it tests 119.62 with a downside target of 114.27. We should have a stop loss in place at 119.97 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, 119.62, 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 115.88, target 119.62, Stop Loss @ 115.61 Details

If 115.88 begins to break higher, the technical summary data tells us to buy IBB just slightly over 115.88, with an upside target of 119.62. The data also tells us to set a stop loss @ 115.61 in case the stock turns against the trade. 115.88 is the first level of resistance above 115.32, and by rule, any break above resistance is a buy signal. In this case, 115.88, 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 IBB slightly near 115.88, target 114.27, Stop Loss @ 116.15. Details

The technical summary data is suggesting a short of IBB if it tests 115.88 with a downside target of 114.27. We should have a stop loss in place at 116.15 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, 115.88, 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.

IBB Ratings for September 26:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	99.32
P2	113.54	114.27	112.11
P3	115.88	119.62	124.67

Support and Resistance Plot Chart for IBB

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