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When the Price of Universal Health Services $UHS Talks, People Listen

October 30, 2023, 12:00 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UHS
  • Buy UHS slightly over 121.66 target 135.65 stop loss @ 121.31 Details

    • The technical summary data tells us to buy UHS near 121.66 with an upside target of 135.65. This data also tells us to set a stop loss @ 121.31 to protect against excessive loss in case the stock begins to move against the trade. 121.66 is the first level of support below 122.63 , and by rule, any test of support is a buy signal. In this case, support 121.66 would be being tested, so a buy signal would exist.

  • Short UHS slightly under 135.65, target 121.66, stop loss @ 136.04 Details

    • The technical summary data is suggesting a short of UHS as it gets near 135.65 with a downside target of 121.66. We should have a stop loss in place at 136.04though. 135.65 is the first level of resistance above 122.63, and by rule, any test of resistance is a short signal. In this case, if resistance 135.65 is being tested, so a short signal would exist.

Swing Trading Plans for UHS
  • Buy UHS slightly over 126.39, target 135.65, Stop Loss @ 126.02 Details

    • If 126.39 begins to break higher, the technical summary data tells us to buy UHS just slightly over 126.39, with an upside target of 135.65. The data also tells us to set a stop loss @ 126.02 in case the stock turns against the trade. 126.39 is the first level of resistance above 122.63, and by rule, any break above resistance is a buy signal. In this case, 126.39, 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 UHS slightly near 126.39, target 121.66, Stop Loss @ 126.76. Details

    • The technical summary data is suggesting a short of UHS if it tests 126.39 with a downside target of 121.66. We should have a stop loss in place at 126.76 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, 126.39, 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 UHS
  • Buy UHS slightly over 125.03, target 126.39, Stop Loss @ 124.74 Details

    • If 125.03 begins to break higher, the technical summary data tells us to buy UHS just slightly over 125.03, with an upside target of 126.39. The data also tells us to set a stop loss @ 124.74 in case the stock turns against the trade. 125.03 is the first level of resistance above 122.63, and by rule, any break above resistance is a buy signal. In this case, 125.03, 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 UHS slightly near 125.03, target 122.16, Stop Loss @ 125.32. Details

    • The technical summary data is suggesting a short of UHS if it tests 125.03 with a downside target of 122.16. We should have a stop loss in place at 125.32 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, 125.03, 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 Universal Health Services (UHS) available here: UHS.

UHS Ratings for October 30:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 121.66
P2 122.16 121.40 135.65
P3 125.03 126.39 149.90
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AI Generated Signals for UHS

UHS Long Term Analysis for October 30 2023

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Universal Health Services (NYSE: UHS) 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 UHS 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. 

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