Trading (ALKS) With Integrated Risk Controls
September 28, 2024, 08:16 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ALKS
- Buy ALKS near 26.23 target 29.13 stop loss @ 26.15 Details
The technical summary data tells us to buy ALKS near 26.23 with an upside target of 29.13. This data also tells us to set a stop loss @ 26.15 to protect against excessive loss in case the stock begins to move against the trade. 26.23 is the first level of support below 27.53 , and by rule, any test of support is a buy signal. In this case, support 26.23 is being tested, a buy signal would exist.
- Short ALKS slightly under 29.13, target 26.23, stop loss @ 29.21 Details
The technical summary data is suggesting a short of ALKS as it gets near 29.13 with a downside target of 26.23. We should have a stop loss in place at 29.21though. 29.13 is the first level of resistance above 27.53, and by rule, any test of resistance is a short signal. In this case, if resistance 29.13 is being tested, a short signal would exist.
Swing Trading Plans for ALKS
- Buy ALKS slightly over 28.55, target 29.13, Stop Loss @ 28.47 Details
If 28.55 begins to break higher, the technical summary data tells us to buy ALKS just slightly over 28.55, with an upside target of 29.13. The data also tells us to set a stop loss @ 28.47 in case the stock turns against the trade. 28.55 is the first level of resistance above 27.53, and by rule, any break above resistance is a buy signal. In this case, 28.55, 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 ALKS slightly near 28.55, target 26.91, Stop Loss @ 28.63. Details
The technical summary data is suggesting a short of ALKS if it tests 28.55 with a downside target of 26.91. We should have a stop loss in place at 28.63 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, 28.55, 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 ALKS
- Buy ALKS slightly over 28.55, target 29.13, Stop Loss @ 28.48 Details
If 28.55 begins to break higher, the technical summary data tells us to buy ALKS just slightly over 28.55, with an upside target of 29.13. The data also tells us to set a stop loss @ 28.48 in case the stock turns against the trade. 28.55 is the first level of resistance above 27.53, and by rule, any break above resistance is a buy signal. In this case, 28.55, 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 ALKS slightly near 28.55, target 26.91, Stop Loss @ 28.62. Details
The technical summary data is suggesting a short of ALKS if it tests 28.55 with a downside target of 26.91. We should have a stop loss in place at 28.62 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, 28.55, 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 Alkermes Plc (ALKS) available here: ALKS.
ALKS Ratings for September 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
23.45 |
| P2 |
26.05 |
26.91 |
26.23 |
| P3 |
26.72 |
28.55 |
29.13 |
AI Generated Signals for ALKS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ALKS:
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