When (TXT) Moves Investors should Listen
February 28, 2024, 15:10 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TXT
- Buy TXT slightly over 83.76 target 88.59 stop loss @ 83.52 Details
The technical summary data tells us to buy TXT near 83.76 with an upside target of 88.59. This data also tells us to set a stop loss @ 83.52 to protect against excessive loss in case the stock begins to move against the trade. 83.76 is the first level of support below 87.82 , and by rule, any test of support is a buy signal. In this case, support 83.76 is being tested, a buy signal would exist.
- Short TXT slightly under 88.59, target 83.76, stop loss @ 88.85 Details
The technical summary data is suggesting a short of TXT as it gets near 88.59 with a downside target of 83.76. We should have a stop loss in place at 88.85though. 88.59 is the first level of resistance above 87.82, and by rule, any test of resistance is a short signal. In this case, if resistance 88.59 is being tested, a short signal would exist.
Swing Trading Plans for TXT
- Buy TXT slightly over 88.59, target n/a, Stop Loss @ 88.33 Details
If 88.59 begins to break higher, the technical summary data tells us to buy TXT just slightly over 88.59, with an upside target of n/a. The data also tells us to set a stop loss @ 88.33 in case the stock turns against the trade. 88.59 is the first level of resistance above 87.82, and by rule, any break above resistance is a buy signal. In this case, 88.59, 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 88.59, target 86.86, Stop Loss @ 88.85. Details
The technical summary data is suggesting a short of TXT if it tests 88.59 with a downside target of 86.86. We should have a stop loss in place at 88.85 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, 88.59, 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 88.59, target n/a, Stop Loss @ 88.38 Details
If 88.59 begins to break higher, the technical summary data tells us to buy TXT just slightly over 88.59, with an upside target of n/a. The data also tells us to set a stop loss @ 88.38 in case the stock turns against the trade. 88.59 is the first level of resistance above 87.82, and by rule, any break above resistance is a buy signal. In this case, 88.59, 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 88.59, target 87.77, Stop Loss @ 88.8. Details
The technical summary data is suggesting a short of TXT if it tests 88.59 with a downside target of 87.77. We should have a stop loss in place at 88.8 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, 88.59, 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 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
79.24 |
| P2 |
87.17 |
84.97 |
83.76 |
| P3 |
87.77 |
86.86 |
88.59 |
AI Generated Signals for TXT
Blue = Current Price
Red= Resistance
Green = Support
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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 Textron Inc. (NYSE: TXT) report below is a real world example. Included are trading plans for TXT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TXT:
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