When (WAL) Moves Investors should Listen

February 13, 2024, 18:48 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WAL

• Buy WAL slightly over 58.61 target 70.42 stop loss @ 58.44 Details

The technical summary data tells us to buy WAL near 58.61 with an upside target of 70.42. This data also tells us to set a stop loss @ 58.44 to protect against excessive loss in case the stock begins to move against the trade. 58.61 is the first level of support below 59.15 , and by rule, any test of support is a buy signal. In this case, support 58.61 is being tested, a buy signal would exist.

• Short WAL slightly under 70.42, target 58.61, stop loss @ 70.62 Details

The technical summary data is suggesting a short of WAL as it gets near 70.42 with a downside target of 58.61. We should have a stop loss in place at 70.62though. 70.42 is the first level of resistance above 59.15, and by rule, any test of resistance is a short signal. In this case, if resistance 70.42 is being tested, a short signal would exist.

Swing Trading Plans for WAL

• Buy WAL slightly over 60.89, target 70.42, Stop Loss @ 60.71 Details

If 60.89 begins to break higher, the technical summary data tells us to buy WAL just slightly over 60.89, with an upside target of 70.42. The data also tells us to set a stop loss @ 60.71 in case the stock turns against the trade. 60.89 is the first level of resistance above 59.15, and by rule, any break above resistance is a buy signal. In this case, 60.89, 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 WAL slightly near 60.89, target 58.61, Stop Loss @ 61.07. Details

The technical summary data is suggesting a short of WAL if it tests 60.89 with a downside target of 58.61. We should have a stop loss in place at 61.07 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, 60.89, 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 WAL

• Buy WAL slightly over 60.35, target 60.89, Stop Loss @ 60.21 Details

If 60.35 begins to break higher, the technical summary data tells us to buy WAL just slightly over 60.35, with an upside target of 60.89. The data also tells us to set a stop loss @ 60.21 in case the stock turns against the trade. 60.35 is the first level of resistance above 59.15, and by rule, any break above resistance is a buy signal. In this case, 60.35, 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 WAL slightly near 60.35, target 58.61, Stop Loss @ 60.49. Details

The technical summary data is suggesting a short of WAL if it tests 60.35 with a downside target of 58.61. We should have a stop loss in place at 60.49 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, 60.35, 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  Western Alliance Bancorporation (de) (WAL) available here: WAL.

WAL Ratings for February 13:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	46.33
P2	60.35	53.72	58.61
P3	63.78	60.89	70.42

AI Generated Signals for WAL

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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  Western Alliance Bancorporation (de) (NYSE: WAL) report below is a real world example. Included are trading plans for WAL, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.