When Spdr S&p Bank Etf (KBE) Moves Investors should Listen

October 15, 2022, 19:00 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Spdr S&p Bank Etf (NYSE: KBE) report below is a real world example. Included are trading plans for KBE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for KBE

• Buy KBE slightly over 45.45 target 49.42 stop loss @ 45.32 Details

The technical summary data tells us to buy KBE near 45.45 with an upside target of 49.42. This data also tells us to set a stop loss @ 45.32 to protect against excessive loss in case the stock begins to move against the trade. 45.45 is the first level of support below 46.2 , and by rule, any test of support is a buy signal. In this case, support 45.45 is being tested, a buy signal would exist.

• Short KBE slightly under 49.42, target 45.45, stop loss @ 49.56 Details

The technical summary data is suggesting a short of KBE as it gets near 49.42 with a downside target of 45.45. We should have a stop loss in place at 49.56though. 49.42 is the first level of resistance above 46.2, and by rule, any test of resistance is a short signal. In this case, if resistance 49.42 is being tested, a short signal would exist.

Swing Trading Plans for KBE

• Buy KBE slightly over 47.03, target 49.42, Stop Loss @ 46.89 Details

If 47.03 begins to break higher, the technical summary data tells us to buy KBE just slightly over 47.03, with an upside target of 49.42. The data also tells us to set a stop loss @ 46.89 in case the stock turns against the trade. 47.03 is the first level of resistance above 46.2, and by rule, any break above resistance is a buy signal. In this case, 47.03, 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 KBE slightly near 47.03, target 45.45, Stop Loss @ 47.17. Details

The technical summary data is suggesting a short of KBE if it tests 47.03 with a downside target of 45.45. We should have a stop loss in place at 47.17 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, 47.03, 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.

Day Trading Plans for KBE

• Buy KBE slightly over 47.03, target 49.42, Stop Loss @ 46.92 Details

If 47.03 begins to break higher, the technical summary data tells us to buy KBE just slightly over 47.03, with an upside target of 49.42. The data also tells us to set a stop loss @ 46.92 in case the stock turns against the trade. 47.03 is the first level of resistance above 46.2, and by rule, any break above resistance is a buy signal. In this case, 47.03, 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 KBE slightly near 47.03, target 46.14, Stop Loss @ 47.14. Details

The technical summary data is suggesting a short of KBE if it tests 47.03 with a downside target of 46.14. We should have a stop loss in place at 47.14 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, 47.03, 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.

KBE Ratings for October 15:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	41.54
P2	44.71	45.19	45.45
P3	46.14	47.03	49.42

Support and Resistance Plot Chart for KBE

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