When the Price of (DHR) Talks, People Listen

March 29, 2024, 18:16 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DHR

• Buy DHR slightly over 239.68 target 256.5 stop loss @ 238.99 Details

The technical summary data tells us to buy DHR near 239.68 with an upside target of 256.5. This data also tells us to set a stop loss @ 238.99 to protect against excessive loss in case the stock begins to move against the trade. 239.68 is the first level of support below 249.72 , and by rule, any test of support is a buy signal. In this case, support 239.68 is being tested, a buy signal would exist.

• Short DHR slightly under 256.5, target 239.68, stop loss @ 257.24 Details

The technical summary data is suggesting a short of DHR as it gets near 256.5 with a downside target of 239.68. We should have a stop loss in place at 257.24though. 256.5 is the first level of resistance above 249.72, and by rule, any test of resistance is a short signal. In this case, if resistance 256.5 is being tested, a short signal would exist.

Swing Trading Plans for DHR

• Buy DHR slightly over 251.38, target 256.5, Stop Loss @ 250.65 Details

If 251.38 begins to break higher, the technical summary data tells us to buy DHR just slightly over 251.38, with an upside target of 256.5. The data also tells us to set a stop loss @ 250.65 in case the stock turns against the trade. 251.38 is the first level of resistance above 249.72, and by rule, any break above resistance is a buy signal. In this case, 251.38, 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 DHR slightly near 251.38, target 246.65, Stop Loss @ 252.11. Details

The technical summary data is suggesting a short of DHR if it tests 251.38 with a downside target of 246.65. We should have a stop loss in place at 252.11 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, 251.38, 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 DHR

• Buy DHR slightly over 249.73, target 251.38, Stop Loss @ 249.15 Details

If 249.73 begins to break higher, the technical summary data tells us to buy DHR just slightly over 249.73, with an upside target of 251.38. The data also tells us to set a stop loss @ 249.15 in case the stock turns against the trade. 249.73 is the first level of resistance above 249.72, and by rule, any break above resistance is a buy signal. In this case, 249.73, 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 DHR slightly near 249.73, target 246.65, Stop Loss @ 250.31. Details

The technical summary data is suggesting a short of DHR if it tests 249.73 with a downside target of 246.65. We should have a stop loss in place at 250.31 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, 249.73, 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 Danaher Corporation (DHR) available here: DHR.

DHR Ratings for March 29:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	221.81
P2	245.16	246.65	239.68
P3	249.73	251.38	256.5

AI Generated Signals for DHR

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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 Danaher Corporation (NYSE: DHR) 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 DHR 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.