When (RBC) Moves Investors should Listen

July 24, 2024, 04:18 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RBC

• Buy RBC slightly over 287.12 target 307.88 stop loss @ 286.29 Details

The technical summary data tells us to buy RBC near 287.12 with an upside target of 307.88. This data also tells us to set a stop loss @ 286.29 to protect against excessive loss in case the stock begins to move against the trade. 287.12 is the first level of support below 291.61 , and by rule, any test of support is a buy signal. In this case, support 287.12 is being tested, a buy signal would exist.

• Short RBC slightly under 307.88, target 287.12, stop loss @ 308.77 Details

The technical summary data is suggesting a short of RBC as it gets near 307.88 with a downside target of 287.12. We should have a stop loss in place at 308.77though. 307.88 is the first level of resistance above 291.61, and by rule, any test of resistance is a short signal. In this case, if resistance 307.88 is being tested, a short signal would exist.

Swing Trading Plans for RBC

• Buy RBC slightly over 306.78, target 307.88, Stop Loss @ 305.89 Details

If 306.78 begins to break higher, the technical summary data tells us to buy RBC just slightly over 306.78, with an upside target of 307.88. The data also tells us to set a stop loss @ 305.89 in case the stock turns against the trade. 306.78 is the first level of resistance above 291.61, and by rule, any break above resistance is a buy signal. In this case, 306.78, 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 RBC slightly near 306.78, target 290.87, Stop Loss @ 307.67. Details

The technical summary data is suggesting a short of RBC if it tests 306.78 with a downside target of 290.87. We should have a stop loss in place at 307.67 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, 306.78, 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 RBC

• Buy RBC slightly over 306.78, target 307.88, Stop Loss @ 306.06 Details

If 306.78 begins to break higher, the technical summary data tells us to buy RBC just slightly over 306.78, with an upside target of 307.88. The data also tells us to set a stop loss @ 306.06 in case the stock turns against the trade. 306.78 is the first level of resistance above 291.61, and by rule, any break above resistance is a buy signal. In this case, 306.78, 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 RBC slightly near 306.78, target 291.42, Stop Loss @ 307.5. Details

The technical summary data is suggesting a short of RBC if it tests 306.78 with a downside target of 291.42. We should have a stop loss in place at 307.5 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, 306.78, 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  Rbc Bearings Incorporated (RBC) available here: RBC.

RBC Ratings for July 24:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	266.3
P2	282.92	290.87	287.12
P3	291.42	306.78	307.88

AI Generated Signals for RBC

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