Learn to Evaluate (TFX) using the Charts

April 19, 2024, 05:30 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TFX

• Buy TFX slightly over 196.83 target 222.15 stop loss @ 196.26 Details

The technical summary data tells us to buy TFX near 196.83 with an upside target of 222.15. This data also tells us to set a stop loss @ 196.26 to protect against excessive loss in case the stock begins to move against the trade. 196.83 is the first level of support below 207.38 , and by rule, any test of support is a buy signal. In this case, support 196.83 would be being tested, so a buy signal would exist.

• Short TFX slightly under 222.15, target 196.83, stop loss @ 222.79 Details

The technical summary data is suggesting a short of TFX as it gets near 222.15 with a downside target of 196.83. We should have a stop loss in place at 222.79though. 222.15 is the first level of resistance above 207.38, and by rule, any test of resistance is a short signal. In this case, if resistance 222.15 is being tested, so a short signal would exist.

Swing Trading Plans for TFX

• Buy TFX slightly over 213.69, target 222.15, Stop Loss @ 213.07 Details

If 213.69 begins to break higher, the technical summary data tells us to buy TFX just slightly over 213.69, with an upside target of 222.15. The data also tells us to set a stop loss @ 213.07 in case the stock turns against the trade. 213.69 is the first level of resistance above 207.38, and by rule, any break above resistance is a buy signal. In this case, 213.69, 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 TFX slightly near 213.69, target 206.45, Stop Loss @ 214.31. Details

The technical summary data is suggesting a short of TFX if it tests 213.69 with a downside target of 206.45. We should have a stop loss in place at 214.31 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, 213.69, 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 TFX

• Buy TFX slightly over 208.02, target 213.69, Stop Loss @ 207.53 Details

If 208.02 begins to break higher, the technical summary data tells us to buy TFX just slightly over 208.02, with an upside target of 213.69. The data also tells us to set a stop loss @ 207.53 in case the stock turns against the trade. 208.02 is the first level of resistance above 207.38, and by rule, any break above resistance is a buy signal. In this case, 208.02, 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 TFX slightly near 208.02, target 206.45, Stop Loss @ 208.51. Details

The technical summary data is suggesting a short of TFX if it tests 208.02 with a downside target of 206.45. We should have a stop loss in place at 208.51 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, 208.02, 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  Teleflex Incorporated (TFX) available here: TFX.

TFX Ratings for April 19:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	196.83
P2	205.98	206.45	222.15
P3	208.02	213.69	248.28

AI Generated Signals for TFX

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Teleflex Incorporated (NYSE: TFX) report below can help you understand how to do this. The trading plans for TFX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.