Trading (FITBO) With Integrated Risk Controls

August 11, 2024, 21:18 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FITBO

• Buy FITBO slightly over 20.08 target 21.73 stop loss @ 20.02 Details

The technical summary data tells us to buy FITBO near 20.08 with an upside target of 21.73. This data also tells us to set a stop loss @ 20.02 to protect against excessive loss in case the stock begins to move against the trade. 20.08 is the first level of support below 20.44 , and by rule, any test of support is a buy signal. In this case, support 20.08 would be being tested, so a buy signal would exist.

• Short FITBO slightly under 21.73, target 20.08, stop loss @ 21.79 Details

The technical summary data is suggesting a short of FITBO as it gets near 21.73 with a downside target of 20.08. We should have a stop loss in place at 21.79though. 21.73 is the first level of resistance above 20.44, and by rule, any test of resistance is a short signal. In this case, if resistance 21.73 is being tested, so a short signal would exist.

Swing Trading Plans for FITBO

• Buy FITBO slightly over 20.53, target 21.73, Stop Loss @ 20.47 Details

If 20.53 begins to break higher, the technical summary data tells us to buy FITBO just slightly over 20.53, with an upside target of 21.73. The data also tells us to set a stop loss @ 20.47 in case the stock turns against the trade. 20.53 is the first level of resistance above 20.44, and by rule, any break above resistance is a buy signal. In this case, 20.53, 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 FITBO slightly near 20.53, target 20.22, Stop Loss @ 20.59. Details

The technical summary data is suggesting a short of FITBO if it tests 20.53 with a downside target of 20.22. We should have a stop loss in place at 20.59 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, 20.53, 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 FITBO

• Buy FITBO slightly over 20.58, target 21.73, Stop Loss @ 20.53 Details

If 20.58 begins to break higher, the technical summary data tells us to buy FITBO just slightly over 20.58, with an upside target of 21.73. The data also tells us to set a stop loss @ 20.53 in case the stock turns against the trade. 20.58 is the first level of resistance above 20.44, and by rule, any break above resistance is a buy signal. In this case, 20.58, 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 FITBO slightly near 20.58, target n/a, Stop Loss @ 20.63. Details

The technical summary data is suggesting a short of FITBO if it tests 20.58 with a downside target of n/a. We should have a stop loss in place at 20.63 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, 20.58, 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 Fifth Third Bancorp Depositary Shares Each Representing A 1/1000th Ownership Interest In A Share Of Non-cumulative Perpetual Preferred Stock Series K (FITBO) available here: FITBO.

FITBO Ratings for August 11:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	20.08
P2	20.37	20.22	21.73
P3	20.58	20.53	23.36

AI Generated Signals for FITBO

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Fifth Third Bancorp Depositary Shares Each Representing A 1/1000th Ownership Interest In A Share Of Non-cumulative Perpetual Preferred Stock Series K (NASDAQ: FITBO) report below can help you, but we have more details too. The trading plans for FITBO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.