(IBP) Investment Report

April 22, 2024, 06:58 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IBP

• Buy IBP slightly over 191.17 target 222.94 stop loss @ 190.62 Details

The technical summary data tells us to buy IBP near 191.17 with an upside target of 222.94. This data also tells us to set a stop loss @ 190.62 to protect against excessive loss in case the stock begins to move against the trade. 191.17 is the first level of support below 221.34 , and by rule, any test of support is a buy signal. In this case, support 191.17 would be being tested, so a buy signal would exist.

• Short IBP slightly under 222.94, target 191.17, stop loss @ 223.58 Details

The technical summary data is suggesting a short of IBP as it gets near 222.94 with a downside target of 191.17. We should have a stop loss in place at 223.58though. 222.94 is the first level of resistance above 221.34, and by rule, any test of resistance is a short signal. In this case, if resistance 222.94 is being tested, so a short signal would exist.

Swing Trading Plans for IBP

• Buy IBP slightly over 222.94, target 223.83, Stop Loss @ 222.3 Details

If 222.94 begins to break higher, the technical summary data tells us to buy IBP just slightly over 222.94, with an upside target of 223.83. The data also tells us to set a stop loss @ 222.3 in case the stock turns against the trade. 222.94 is the first level of resistance above 221.34, and by rule, any break above resistance is a buy signal. In this case, 222.94, 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 IBP slightly near 222.94, target 214.51, Stop Loss @ 223.58. Details

The technical summary data is suggesting a short of IBP if it tests 222.94 with a downside target of 214.51. We should have a stop loss in place at 223.58 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, 222.94, 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 IBP

• Buy IBP slightly over 222.94, target 223.83, Stop Loss @ 222.42 Details

If 222.94 begins to break higher, the technical summary data tells us to buy IBP just slightly over 222.94, with an upside target of 223.83. The data also tells us to set a stop loss @ 222.42 in case the stock turns against the trade. 222.94 is the first level of resistance above 221.34, and by rule, any break above resistance is a buy signal. In this case, 222.94, 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 IBP slightly near 222.94, target 216.25, Stop Loss @ 223.46. Details

The technical summary data is suggesting a short of IBP if it tests 222.94 with a downside target of 216.25. We should have a stop loss in place at 223.46 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, 222.94, 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 Installed Building Products Inc. (IBP) available here: IBP.

IBP Ratings for April 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	191.17
P2	216.25	214.51	222.94
P3	224.47	223.83	255.29

AI Generated Signals for IBP

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Installed Building Products Inc. (NYSE: IBP) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IBP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IBP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IBP too.  All of these are offered below the Summary Table.