tradethepoolpool ads

Trading Invesco Db Usd Index Bullish Fund Etf UUP With Integrated Risk Controls

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invesco Db Usd Index Bullish Fund Etf (NYSE: UUP) report below can help you, but we have more details too. The trading plans for UUP, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for UUP
  • Buy UUP slightly over 28.20 target 28.77 stop loss @ 28.12 Details
  • The technical summary data tells us to buy UUP near 28.20 with an upside target of 28.77. This data also tells us to set a stop loss @ 28.12 to protect against excessive loss in case the stock begins to move against the trade. 28.20 is the first level of support below 28.24 , and by rule, any test of support is a buy signal. In this case, support 28.20 is being tested, a buy signal would exist.

  • Short UUP under 28.77, target 28.20, stop loss @ 28.85 Details
  • The technical summary data is suggesting a short of UUP as it gets near 28.77 with a downside target of 28.20. We should have a stop loss in place at 28.85though. 28.77 is the first level of resistance above 28.24, and by rule, any test of resistance is a short signal. In this case, if resistance 28.77 is being tested, a short signal would exist.

Swing Trading Plans for UUP
  • Buy UUP slightly over 28.39, target 28.77, Stop Loss @ 28.31 Details
  • If 28.39 begins to break higher, the technical summary data tells us to buy UUP just slightly over 28.39, with an upside target of 28.77. The data also tells us to set a stop loss @ 28.31 in case the stock turns against the trade. 28.39 is the first level of resistance above 28.24, and by rule, any break above resistance is a buy signal. In this case, 28.39, 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 UUP near 28.39, target 27.63, Stop Loss @ 28.47. Details
  • The technical summary data is suggesting a short of UUP if it tests 28.39 with a downside target of 27.63. We should have a stop loss in place at 28.47 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, 28.39, 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 UUP
  • Buy UUP slightly over 28.39, target 28.77, Stop Loss @ 28.32 Details
  • If 28.39 begins to break higher, the technical summary data tells us to buy UUP just slightly over 28.39, with an upside target of 28.77. The data also tells us to set a stop loss @ 28.32 in case the stock turns against the trade. 28.39 is the first level of resistance above 28.24, and by rule, any break above resistance is a buy signal. In this case, 28.39, 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 UUP near 28.39, target 27.63, Stop Loss @ 28.46. Details
  • The technical summary data is suggesting a short of UUP if it tests 28.39 with a downside target of 27.63. We should have a stop loss in place at 28.46 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, 28.39, 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.

UUP Ratings for August 12:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 27.63
P2 28.05 28.09 28.20
P3 28.32 28.39 28.77
Triggers may have already come
Support and Resistance Plot Chart for UUP

UUP Long Term Analysis for August 12 2022

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar 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