When Watsco ($WSO) Moves Investors should Listen
August 24, 2023, 22:00 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WSO
- Buy WSO slightly over 330.62 target 359.71 stop loss @ 329.67 Details
The technical summary data tells us to buy WSO near 330.62 with an upside target of 359.71. This data also tells us to set a stop loss @ 329.67 to protect against excessive loss in case the stock begins to move against the trade. 330.62 is the first level of support below 346.37 , and by rule, any test of support is a buy signal. In this case, support 330.62 would be being tested, so a buy signal would exist.
- Short WSO slightly under 359.71, target 330.62, stop loss @ 360.75 Details
The technical summary data is suggesting a short of WSO as it gets near 359.71 with a downside target of 330.62. We should have a stop loss in place at 360.75though. 359.71 is the first level of resistance above 346.37, and by rule, any test of resistance is a short signal. In this case, if resistance 359.71 is being tested, so a short signal would exist.
Swing Trading Plans for WSO
- Buy WSO slightly over 351.18, target 359.71, Stop Loss @ 350.17 Details
If 351.18 begins to break higher, the technical summary data tells us to buy WSO just slightly over 351.18, with an upside target of 359.71. The data also tells us to set a stop loss @ 350.17 in case the stock turns against the trade. 351.18 is the first level of resistance above 346.37, and by rule, any break above resistance is a buy signal. In this case, 351.18, 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 WSO slightly near 351.18, target 339.99, Stop Loss @ 352.19. Details
The technical summary data is suggesting a short of WSO if it tests 351.18 with a downside target of 339.99. We should have a stop loss in place at 352.19 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, 351.18, 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 WSO
- Buy WSO slightly over 349.07, target 351.18, Stop Loss @ 348.26 Details
If 349.07 begins to break higher, the technical summary data tells us to buy WSO just slightly over 349.07, with an upside target of 351.18. The data also tells us to set a stop loss @ 348.26 in case the stock turns against the trade. 349.07 is the first level of resistance above 346.37, and by rule, any break above resistance is a buy signal. In this case, 349.07, 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 WSO slightly near 349.07, target 339.99, Stop Loss @ 349.88. Details
The technical summary data is suggesting a short of WSO if it tests 349.07 with a downside target of 339.99. We should have a stop loss in place at 349.88 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, 349.07, 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 Watsco (WSO) available here: WSO.
WSO Ratings for August 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
330.62 |
| P2 |
349.07 |
339.99 |
359.71 |
| P3 |
353.40 |
351.18 |
388.89 |
AI Generated Signals for WSO
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Watsco (NYSE: WSO) report below is a real world example. Included are trading plans for WSO, 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 WSO:
pool ads
