Trading (RUT) With Integrated Risk Controls

July 18, 2024, 14:48 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RUT

• Buy RUT slightly over 2098.87 target 2220.16 stop loss @ 2092.81 Details

The technical summary data tells us to buy RUT near 2098.87 with an upside target of 2220.16. This data also tells us to set a stop loss @ 2092.81 to protect against excessive loss in case the stock begins to move against the trade. 2098.87 is the first level of support below 2201.92 , and by rule, any test of support is a buy signal. In this case, support 2098.87 is being tested, a buy signal would exist.

• Short RUT slightly under 2220.16, target 2098.87, stop loss @ 2226.57 Details

The technical summary data is suggesting a short of RUT as it gets near 2220.16 with a downside target of 2098.87. We should have a stop loss in place at 2226.57though. 2220.16 is the first level of resistance above 2201.92, and by rule, any test of resistance is a short signal. In this case, if resistance 2220.16 is being tested, a short signal would exist.

Swing Trading Plans for RUT

• Buy RUT slightly over 2220.16, target 2268.16, Stop Loss @ 2213.75 Details

If 2220.16 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2220.16, with an upside target of 2268.16. The data also tells us to set a stop loss @ 2213.75 in case the stock turns against the trade. 2220.16 is the first level of resistance above 2201.92, and by rule, any break above resistance is a buy signal. In this case, 2220.16, 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 RUT slightly near 2220.16, target 2185.32, Stop Loss @ 2226.57. Details

The technical summary data is suggesting a short of RUT if it tests 2220.16 with a downside target of 2185.32. We should have a stop loss in place at 2226.57 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, 2220.16, 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 RUT

• Buy RUT slightly over 2220.16, target 2259.03, Stop Loss @ 2214.98 Details

If 2220.16 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2220.16, with an upside target of 2259.03. The data also tells us to set a stop loss @ 2214.98 in case the stock turns against the trade. 2220.16 is the first level of resistance above 2201.92, and by rule, any break above resistance is a buy signal. In this case, 2220.16, 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 RUT slightly near 2220.16, target 2185.32, Stop Loss @ 2225.34. Details

The technical summary data is suggesting a short of RUT if it tests 2220.16 with a downside target of 2185.32. We should have a stop loss in place at 2225.34 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, 2220.16, 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 Russell 2000 (RUT) available here: RUT.

RUT Ratings for July 18:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	1973.29
P2	2259.03	2185.32	2098.87
P3	2289.04	2268.16	2220.16

AI Generated Signals for RUT

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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 Russell 2000 (NYSE: RUT) report below can help you, but we have more details too. The trading plans for RUT, 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.