When (ESLT) Moves Investors should Listen

February 09, 2024, 03:24 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESLT

• Buy ESLT slightly over 200.16 target 213.56 stop loss @ 199.58 Details

The technical summary data tells us to buy ESLT near 200.16 with an upside target of 213.56. This data also tells us to set a stop loss @ 199.58 to protect against excessive loss in case the stock begins to move against the trade. 200.16 is the first level of support below 204.47 , and by rule, any test of support is a buy signal. In this case, support 200.16 would be being tested, so a buy signal would exist.

• Short ESLT slightly under 213.56, target 200.16, stop loss @ 214.18 Details

The technical summary data is suggesting a short of ESLT as it gets near 213.56 with a downside target of 200.16. We should have a stop loss in place at 214.18though. 213.56 is the first level of resistance above 204.47, and by rule, any test of resistance is a short signal. In this case, if resistance 213.56 is being tested, so a short signal would exist.

Swing Trading Plans for ESLT

• Buy ESLT slightly over 205.34, target 208.77, Stop Loss @ 204.75 Details

If 205.34 begins to break higher, the technical summary data tells us to buy ESLT just slightly over 205.34, with an upside target of 208.77. The data also tells us to set a stop loss @ 204.75 in case the stock turns against the trade. 205.34 is the first level of resistance above 204.47, and by rule, any break above resistance is a buy signal. In this case, 205.34, 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 ESLT slightly near 205.34, target 200.16, Stop Loss @ 205.93. Details

The technical summary data is suggesting a short of ESLT if it tests 205.34 with a downside target of 200.16. We should have a stop loss in place at 205.93 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, 205.34, 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 ESLT

• Buy ESLT slightly over 205.34, target 206.43, Stop Loss @ 204.86 Details

If 205.34 begins to break higher, the technical summary data tells us to buy ESLT just slightly over 205.34, with an upside target of 206.43. The data also tells us to set a stop loss @ 204.86 in case the stock turns against the trade. 205.34 is the first level of resistance above 204.47, and by rule, any break above resistance is a buy signal. In this case, 205.34, 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 ESLT slightly near 205.34, target 203.75, Stop Loss @ 205.82. Details

The technical summary data is suggesting a short of ESLT if it tests 205.34 with a downside target of 203.75. We should have a stop loss in place at 205.82 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, 205.34, 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  Elbit Systems Ltd. (ESLT) available here: ESLT.

ESLT Ratings for February 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	200.16
P2	203.75	205.34	213.56
P3	206.43	208.77	228.23

AI Generated Signals for ESLT

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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  Elbit Systems Ltd. (NASDAQ: ESLT) report below is a real world example. Included are trading plans for ESLT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.