The Fundamental Case for Vanguard Information Technolog VGT Using a Price Based Model

June 08, 2021, 07:30 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Vanguard Information Technolog (NYSE: VGT) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action.  Price action was used to produce the raw data below for VGT and it can be used as an example of how to use price action to define fundamental opportunity.  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. 

Technical Summary

Support and Resistance Plot Chart for VGT

Longer Term Trading Plans for VGT

VGT - (Long) Support Plan

Buy over 369.23 target 386.51 stop loss @ 368.16

VGT - (Short) Resistance Plan

Short under 386.51, target 369.23, stop loss @ 387.63

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