When (RUT) Moves Investors should Listen
May 07, 2024, 23:06 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RUT
- Buy RUT slightly over 2025.83 target 2145.94 stop loss @ 2019.98 Details
The technical summary data tells us to buy RUT near 2025.83 with an upside target of 2145.94. This data also tells us to set a stop loss @ 2019.98 to protect against excessive loss in case the stock begins to move against the trade. 2025.83 is the first level of support below 2064.65 , and by rule, any test of support is a buy signal. In this case, support 2025.83 is being tested, a buy signal would exist.
- Short RUT slightly under 2145.94, target 2025.83, stop loss @ 2152.14 Details
The technical summary data is suggesting a short of RUT as it gets near 2145.94 with a downside target of 2025.83. We should have a stop loss in place at 2152.14though. 2145.94 is the first level of resistance above 2064.65, and by rule, any test of resistance is a short signal. In this case, if resistance 2145.94 is being tested, a short signal would exist.
Swing Trading Plans for RUT
- Buy RUT slightly over 2072.97, target 2145.94, Stop Loss @ 2066.98 Details
If 2072.97 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2072.97, with an upside target of 2145.94. The data also tells us to set a stop loss @ 2066.98 in case the stock turns against the trade. 2072.97 is the first level of resistance above 2064.65, and by rule, any break above resistance is a buy signal. In this case, 2072.97, 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 2072.97, target 2026.7, Stop Loss @ 2078.96. Details
The technical summary data is suggesting a short of RUT if it tests 2072.97 with a downside target of 2026.7. We should have a stop loss in place at 2078.96 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, 2072.97, 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 2072.97, target 2079.44, Stop Loss @ 2068.13 Details
If 2072.97 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2072.97, with an upside target of 2079.44. The data also tells us to set a stop loss @ 2068.13 in case the stock turns against the trade. 2072.97 is the first level of resistance above 2064.65, and by rule, any break above resistance is a buy signal. In this case, 2072.97, 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 2072.97, target 2026.7, Stop Loss @ 2077.81. Details
The technical summary data is suggesting a short of RUT if it tests 2072.97 with a downside target of 2026.7. We should have a stop loss in place at 2077.81 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, 2072.97, 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 May 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
1899.84 |
| P2 |
2079.44 |
2026.7 |
2025.83 |
| P3 |
2098.79 |
2072.97 |
2145.94 |
AI Generated Signals for RUT
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 Russell 2000 (NYSE: RUT) report below is a real world example. Included are trading plans for RUT, 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 RUT:
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