(IWB) Proactive Strategies

May 02, 2024, 07:54 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IWB

• Buy IWB slightly over 267.61 target 279.69 stop loss @ 266.84 Details

The technical summary data tells us to buy IWB near 267.61 with an upside target of 279.69. This data also tells us to set a stop loss @ 266.84 to protect against excessive loss in case the stock begins to move against the trade. 267.61 is the first level of support below 275.18 , and by rule, any test of support is a buy signal. In this case, support 267.61 would be being tested, so a buy signal would exist.

• Short IWB slightly under 279.69, target 267.61, stop loss @ 280.5 Details

The technical summary data is suggesting a short of IWB as it gets near 279.69 with a downside target of 267.61. We should have a stop loss in place at 280.5though. 279.69 is the first level of resistance above 275.18, and by rule, any test of resistance is a short signal. In this case, if resistance 279.69 is being tested, so a short signal would exist.

Swing Trading Plans for IWB

• Buy IWB slightly over 276.06, target 279.69, Stop Loss @ 275.26 Details

If 276.06 begins to break higher, the technical summary data tells us to buy IWB just slightly over 276.06, with an upside target of 279.69. The data also tells us to set a stop loss @ 275.26 in case the stock turns against the trade. 276.06 is the first level of resistance above 275.18, and by rule, any break above resistance is a buy signal. In this case, 276.06, 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 IWB slightly near 276.06, target 267.61, Stop Loss @ 276.86. Details

The technical summary data is suggesting a short of IWB if it tests 276.06 with a downside target of 267.61. We should have a stop loss in place at 276.86 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, 276.06, 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 IWB

• Buy IWB slightly over 275.54, target 276.06, Stop Loss @ 274.9 Details

If 275.54 begins to break higher, the technical summary data tells us to buy IWB just slightly over 275.54, with an upside target of 276.06. The data also tells us to set a stop loss @ 274.9 in case the stock turns against the trade. 275.54 is the first level of resistance above 275.18, and by rule, any break above resistance is a buy signal. In this case, 275.54, 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 IWB slightly near 275.54, target 267.61, Stop Loss @ 276.18. Details

The technical summary data is suggesting a short of IWB if it tests 275.54 with a downside target of 267.61. We should have a stop loss in place at 276.18 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, 275.54, 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 Ishares Russell 1000 Etf (IWB) available here: IWB.

IWB Ratings for May 02:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	267.61
P2	275.54	276.06	279.69
P3	280.02	280.69	291.19

AI Generated Signals for IWB

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Don't over think it!  Trading Ishares Russell 1000 Etf (NYSE: IWB) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IWB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IWB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IWB too.  All of these are offered below the Summary Table.