When (NMZ) Moves Investors should Listen
August 02, 2024, 11:52 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NMZ
- Buy NMZ slightly over 10.7 target 11.18 stop loss @ 10.67 Details
The technical summary data tells us to buy NMZ near 10.7 with an upside target of 11.18. This data also tells us to set a stop loss @ 10.67 to protect against excessive loss in case the stock begins to move against the trade. 10.7 is the first level of support below 10.855 , and by rule, any test of support is a buy signal. In this case, support 10.7 is being tested, a buy signal would exist.
- Short NMZ slightly under 11.18, target 10.7, stop loss @ 11.21 Details
The technical summary data is suggesting a short of NMZ as it gets near 11.18 with a downside target of 10.7. We should have a stop loss in place at 11.21though. 11.18 is the first level of resistance above 10.855, and by rule, any test of resistance is a short signal. In this case, if resistance 11.18 is being tested, a short signal would exist.
Swing Trading Plans for NMZ
- Buy NMZ slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy NMZ just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 10.855, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 NMZ slightly near n/a, target 10.75, Stop Loss @ 0. Details
The technical summary data is suggesting a short of NMZ if it tests n/a with a downside target of 10.75. We should have a stop loss in place at 0 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, n/a, 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 NMZ
- Buy NMZ slightly over 11.18, target n/a, Stop Loss @ 11.15 Details
If 11.18 begins to break higher, the technical summary data tells us to buy NMZ just slightly over 11.18, with an upside target of n/a. The data also tells us to set a stop loss @ 11.15 in case the stock turns against the trade. 11.18 is the first level of resistance above 10.855, and by rule, any break above resistance is a buy signal. In this case, 11.18, 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 NMZ slightly near 11.18, target 10.81, Stop Loss @ 11.21. Details
The technical summary data is suggesting a short of NMZ if it tests 11.18 with a downside target of 10.81. We should have a stop loss in place at 11.21 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, 11.18, 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 Nuveen Municipal High Income Opportunity Fund $0.01 Par Value Per Share (NMZ) available here: NMZ.
NMZ Ratings for August 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
10.16 |
| P2 |
10.81 |
10.75 |
10.7 |
| P3 |
0 |
|
11.18 |
AI Generated Signals for NMZ
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 Nuveen Municipal High Income Opportunity Fund $0.01 Par Value Per Share (NYSE: NMZ) report below is a real world example. Included are trading plans for NMZ, 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 NMZ:
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