When (OTTR) Moves Investors should Listen
July 13, 2024, 14:44 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OTTR
- Buy OTTR slightly over 82.11 target 88.68 stop loss @ 81.87 Details
The technical summary data tells us to buy OTTR near 82.11 with an upside target of 88.68. This data also tells us to set a stop loss @ 81.87 to protect against excessive loss in case the stock begins to move against the trade. 82.11 is the first level of support below 87.82 , and by rule, any test of support is a buy signal. In this case, support 82.11 would be being tested, so a buy signal would exist.
- Short OTTR slightly under 88.68, target 82.11, stop loss @ 88.94 Details
The technical summary data is suggesting a short of OTTR as it gets near 88.68 with a downside target of 82.11. We should have a stop loss in place at 88.94though. 88.68 is the first level of resistance above 87.82, and by rule, any test of resistance is a short signal. In this case, if resistance 88.68 is being tested, so a short signal would exist.
Swing Trading Plans for OTTR
- Buy OTTR slightly over 88.68, target 95.99, Stop Loss @ 88.42 Details
If 88.68 begins to break higher, the technical summary data tells us to buy OTTR just slightly over 88.68, with an upside target of 95.99. The data also tells us to set a stop loss @ 88.42 in case the stock turns against the trade. 88.68 is the first level of resistance above 87.82, and by rule, any break above resistance is a buy signal. In this case, 88.68, 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 OTTR slightly near 88.68, target 87.41, Stop Loss @ 88.94. Details
The technical summary data is suggesting a short of OTTR if it tests 88.68 with a downside target of 87.41. We should have a stop loss in place at 88.94 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, 88.68, 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.
Day Trading Plans for OTTR
- Buy OTTR slightly over 88.73, target 95.99, Stop Loss @ 88.52 Details
If 88.73 begins to break higher, the technical summary data tells us to buy OTTR just slightly over 88.73, with an upside target of 95.99. The data also tells us to set a stop loss @ 88.52 in case the stock turns against the trade. 88.73 is the first level of resistance above 87.82, and by rule, any break above resistance is a buy signal. In this case, 88.73, 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 OTTR slightly near 88.73, target 87.41, Stop Loss @ 88.94. Details
The technical summary data is suggesting a short of OTTR if it tests 88.73 with a downside target of 87.41. We should have a stop loss in place at 88.94 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, 88.73, 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 Otter Tail Corporation (OTTR) available here: OTTR.
OTTR Ratings for July 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
82.11 |
| P2 |
86.51 |
84.9 |
88.68 |
| P3 |
88.73 |
87.41 |
95.99 |
AI Generated Signals for OTTR
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 Otter Tail Corporation (NASDAQ: OTTR) report below is a real world example. Included are trading plans for OTTR, 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 OTTR:
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