How the (SDHY) price action is used to our Advantage

Longer Term Trading Plans for SDHY

• Buy SDHY near 15.94 target 16.6 stop loss @ 15.89 Details

The technical summary data tells us to buy SDHY near 15.94 with an upside target of 16.6. This data also tells us to set a stop loss @ 15.89 to protect against excessive loss in case the stock begins to move against the trade. 15.94 is the first level of support below 16.18 , and by rule, any test of support is a buy signal. In this case, support 15.94 would be being tested, so a buy signal would exist.

• Short SDHY slightly under 16.6, target 15.94, stop loss @ 16.65 Details

The technical summary data is suggesting a short of SDHY as it gets near 16.6 with a downside target of 15.94. We should have a stop loss in place at 16.65though. 16.6 is the first level of resistance above 16.18, and by rule, any test of resistance is a short signal. In this case, if resistance 16.6 is being tested, so a short signal would exist.

Swing Trading Plans for SDHY

• Buy SDHY slightly over 16.28, target 16.6, Stop Loss @ 16.23 Details

If 16.28 begins to break higher, the technical summary data tells us to buy SDHY just slightly over 16.28, with an upside target of 16.6. The data also tells us to set a stop loss @ 16.23 in case the stock turns against the trade. 16.28 is the first level of resistance above 16.18, and by rule, any break above resistance is a buy signal. In this case, 16.28, 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 SDHY slightly near 16.28, target 16.04, Stop Loss @ 16.33. Details

The technical summary data is suggesting a short of SDHY if it tests 16.28 with a downside target of 16.04. We should have a stop loss in place at 16.33 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, 16.28, 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 SDHY

• Buy SDHY slightly over 16.28, target 16.6, Stop Loss @ 16.24 Details

If 16.28 begins to break higher, the technical summary data tells us to buy SDHY just slightly over 16.28, with an upside target of 16.6. The data also tells us to set a stop loss @ 16.24 in case the stock turns against the trade. 16.28 is the first level of resistance above 16.18, and by rule, any break above resistance is a buy signal. In this case, 16.28, 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 SDHY slightly near 16.28, target 16.04, Stop Loss @ 16.32. Details

The technical summary data is suggesting a short of SDHY if it tests 16.28 with a downside target of 16.04. We should have a stop loss in place at 16.32 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, 16.28, 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  Pgim Short Duration High Yield Opportunities Fund (SDHY) available here: SDHY.

SDHY Ratings for May 04:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	15.94
P2	16.25	16.04	16.6
P3	0	16.28	17.19

AI Generated Signals for SDHY

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