When (XOP) Moves Investors should Listen
March 10, 2024, 06:36 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XOP
- Buy XOP slightly over 142.87 target 153.75 stop loss @ 142.46 Details
The technical summary data tells us to buy XOP near 142.87 with an upside target of 153.75. This data also tells us to set a stop loss @ 142.46 to protect against excessive loss in case the stock begins to move against the trade. 142.87 is the first level of support below 143.1 , and by rule, any test of support is a buy signal. In this case, support 142.87 is being tested, a buy signal would exist.
- Short XOP slightly under 153.75, target 142.87, stop loss @ 154.19 Details
The technical summary data is suggesting a short of XOP as it gets near 153.75 with a downside target of 142.87. We should have a stop loss in place at 154.19though. 153.75 is the first level of resistance above 143.1, and by rule, any test of resistance is a short signal. In this case, if resistance 153.75 is being tested, a short signal would exist.
Swing Trading Plans for XOP
- Buy XOP slightly over 144.37, target 153.75, Stop Loss @ 143.95 Details
If 144.37 begins to break higher, the technical summary data tells us to buy XOP just slightly over 144.37, with an upside target of 153.75. The data also tells us to set a stop loss @ 143.95 in case the stock turns against the trade. 144.37 is the first level of resistance above 143.1, and by rule, any break above resistance is a buy signal. In this case, 144.37, 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 XOP slightly near 144.37, target 142.87, Stop Loss @ 144.79. Details
The technical summary data is suggesting a short of XOP if it tests 144.37 with a downside target of 142.87. We should have a stop loss in place at 144.79 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, 144.37, 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 XOP
- Buy XOP slightly over 143.69, target 144.37, Stop Loss @ 143.35 Details
If 143.69 begins to break higher, the technical summary data tells us to buy XOP just slightly over 143.69, with an upside target of 144.37. The data also tells us to set a stop loss @ 143.35 in case the stock turns against the trade. 143.69 is the first level of resistance above 143.1, and by rule, any break above resistance is a buy signal. In this case, 143.69, 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 XOP slightly near 143.69, target 142.87, Stop Loss @ 144.03. Details
The technical summary data is suggesting a short of XOP if it tests 143.69 with a downside target of 142.87. We should have a stop loss in place at 144.03 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, 143.69, 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 Spdr Oil & Gas Exploration And Production Etf (XOP) available here: XOP.
XOP Ratings for March 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
131.73 |
| P2 |
142.43 |
142.3 |
142.87 |
| P3 |
143.69 |
144.37 |
153.75 |
AI Generated Signals for XOP
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 Spdr Oil & Gas Exploration And Production Etf (NYSE: XOP) report below is a real world example. Included are trading plans for XOP, 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 XOP:
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