When the Price of Invesco Ftse Rafi Dev Mkts PDN Talks, People Listen

April 20, 2022, 08:00 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Invesco Ftse Rafi Dev Mkts (NYSE: PDN) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for PDN can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for PDN

• Buy PDN slightly over 33.35 target 34.93 stop loss @ 33.25 Details

The technical summary data tells us to buy PDN near 33.35 with an upside target of 34.93. This data also tells us to set a stop loss @ 33.25 to protect against excessive loss in case the stock begins to move against the trade. 33.35 is the first level of support below 33.55 , and by rule, any test of support is a buy signal. In this case, support 33.35 would be being tested, so a buy signal would exist.

• Short PDN under 34.93, target 33.35, stop loss @ 35.03 Details

The technical summary data is suggesting a short of PDN as it gets near 34.93 with a downside target of 33.35. We should have a stop loss in place at 35.03though. 34.93 is the first level of resistance above 33.55, and by rule, any test of resistance is a short signal. In this case, if resistance 34.93 is being tested, so a short signal would exist.

Swing Trading Plans for PDN

• Buy PDN slightly over 34.93, target 36.38, Stop Loss @ 34.83 Details

If 34.93 begins to break higher, the technical summary data tells us to buy PDN just slightly over 34.93, with an upside target of 36.38. The data also tells us to set a stop loss @ 34.83 in case the stock turns against the trade. 34.93 is the first level of resistance above 33.55, and by rule, any break above resistance is a buy signal. In this case, 34.93, 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 PDN near 34.93, target 33.51, Stop Loss @ 35.03. Details

The technical summary data is suggesting a short of PDN if it tests 34.93 with a downside target of 33.51. We should have a stop loss in place at 35.03 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, 34.93, 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 PDN

• Buy PDN slightly over 33.68, target 34.93, Stop Loss @ 33.6 Details

If 33.68 begins to break higher, the technical summary data tells us to buy PDN just slightly over 33.68, with an upside target of 34.93. The data also tells us to set a stop loss @ 33.6 in case the stock turns against the trade. 33.68 is the first level of resistance above 33.55, and by rule, any break above resistance is a buy signal. In this case, 33.68, 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 PDN near 33.68, target 33.14, Stop Loss @ 33.76. Details

The technical summary data is suggesting a short of PDN if it tests 33.68 with a downside target of 33.14. We should have a stop loss in place at 33.76 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, 33.68, 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.

PDN Ratings for April 20:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	33.35
P2	33.14	33.00	34.93
P3	33.68	33.51	36.38

Support and Resistance Plot Chart for PDN

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