pool adsWhen Cooper (COO) Moves Investors should Listen
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 Cooper (NYSE: COO) report below is a real world example. Included are trading plans for COO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
COO Ratings for June 21: Below:
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Strong |
| P1 | 0 | 0 | 391.98 |
| P2 | 386.58 | 378.04 | 411.33 |
| P3 | 391.71 | 389.43 | 432.05 |
Support and Resistance Plot Chart for COO
Longer Term Trading Plans for COO
Our Longer Term Plans for COO help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this COO Report.
Long Support Plan (Long Term Trading)
NONE.
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
Short Resistance Plan (Long Term Trading)
Short COO under 391.98, target n/a, stop loss @ 393.11
The technical summary data is suggesting a short of COO as it gets near 391.98, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 393.11. 391.98 is the first level of resistance above 389.44, and by rule, any test of resistance is a short signal. In this case, if resistance 391.98 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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