How the (MMC) price action is used to our Advantage
June 19, 2024, 02:42 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MMC
- Buy MMC slightly over 206.25 target 212.9 stop loss @ 205.65 Details
The technical summary data tells us to buy MMC near 206.25 with an upside target of 212.9. This data also tells us to set a stop loss @ 205.65 to protect against excessive loss in case the stock begins to move against the trade. 206.25 is the first level of support below 212.72 , and by rule, any test of support is a buy signal. In this case, support 206.25 is being tested, a buy signal would exist.
- Short MMC slightly under 212.9, target 206.25, stop loss @ 213.51 Details
The technical summary data is suggesting a short of MMC as it gets near 212.9 with a downside target of 206.25. We should have a stop loss in place at 213.51though. 212.9 is the first level of resistance above 212.72, and by rule, any test of resistance is a short signal. In this case, if resistance 212.9 is being tested, a short signal would exist.
Swing Trading Plans for MMC
- Buy MMC slightly over 212.9, target n/a, Stop Loss @ 212.29 Details
If 212.9 begins to break higher, the technical summary data tells us to buy MMC just slightly over 212.9, with an upside target of n/a. The data also tells us to set a stop loss @ 212.29 in case the stock turns against the trade. 212.9 is the first level of resistance above 212.72, and by rule, any break above resistance is a buy signal. In this case, 212.9, 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 MMC slightly near 212.9, target 212.54, Stop Loss @ 213.51. Details
The technical summary data is suggesting a short of MMC if it tests 212.9 with a downside target of 212.54. We should have a stop loss in place at 213.51 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, 212.9, 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 MMC
- Buy MMC slightly over 212.9, target n/a, Stop Loss @ 212.4 Details
If 212.9 begins to break higher, the technical summary data tells us to buy MMC just slightly over 212.9, with an upside target of n/a. The data also tells us to set a stop loss @ 212.4 in case the stock turns against the trade. 212.9 is the first level of resistance above 212.72, and by rule, any break above resistance is a buy signal. In this case, 212.9, 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 MMC slightly near 212.9, target 212.54, Stop Loss @ 213.4. Details
The technical summary data is suggesting a short of MMC if it tests 212.9 with a downside target of 212.54. We should have a stop loss in place at 213.4 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, 212.9, 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 Marsh & Mclennan Companies Inc. (MMC) available here: MMC.
MMC Ratings for June 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
199.02 |
| P2 |
210.3 |
209.89 |
206.25 |
| P3 |
212.77 |
212.54 |
212.9 |
AI Generated Signals for MMC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Marsh & Mclennan Companies Inc. (NYSE: MMC) data table below can help you with price action, and we have more details too. Trading plans for MMC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MMC:
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