Trading (UPRO) With Integrated Risk Controls

September 17, 2024, 07:34 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UPRO

• Buy UPRO slightly over 75.4 target 83.01 stop loss @ 75.18 Details

The technical summary data tells us to buy UPRO near 75.4 with an upside target of 83.01. This data also tells us to set a stop loss @ 75.18 to protect against excessive loss in case the stock begins to move against the trade. 75.4 is the first level of support below 81.85 , and by rule, any test of support is a buy signal. In this case, support 75.4 would be being tested, so a buy signal would exist.

• Short UPRO slightly under 83.01, target 75.4, stop loss @ 83.25 Details

The technical summary data is suggesting a short of UPRO as it gets near 83.01 with a downside target of 75.4. We should have a stop loss in place at 83.25though. 83.01 is the first level of resistance above 81.85, and by rule, any test of resistance is a short signal. In this case, if resistance 83.01 is being tested, so a short signal would exist.

Swing Trading Plans for UPRO

• Buy UPRO slightly over 83.01, target 89.87, Stop Loss @ 82.77 Details

If 83.01 begins to break higher, the technical summary data tells us to buy UPRO just slightly over 83.01, with an upside target of 89.87. The data also tells us to set a stop loss @ 82.77 in case the stock turns against the trade. 83.01 is the first level of resistance above 81.85, and by rule, any break above resistance is a buy signal. In this case, 83.01, 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 UPRO slightly near 83.01, target 80.43, Stop Loss @ 83.25. Details

The technical summary data is suggesting a short of UPRO if it tests 83.01 with a downside target of 80.43. We should have a stop loss in place at 83.25 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, 83.01, 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 UPRO

• Buy UPRO slightly over 83.01, target 83.64, Stop Loss @ 82.82 Details

If 83.01 begins to break higher, the technical summary data tells us to buy UPRO just slightly over 83.01, with an upside target of 83.64. The data also tells us to set a stop loss @ 82.82 in case the stock turns against the trade. 83.01 is the first level of resistance above 81.85, and by rule, any break above resistance is a buy signal. In this case, 83.01, 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 UPRO slightly near 83.01, target 81.14, Stop Loss @ 83.2. Details

The technical summary data is suggesting a short of UPRO if it tests 83.01 with a downside target of 81.14. We should have a stop loss in place at 83.2 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, 83.01, 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 Proshares Ultrapro S&p 500 Etf 3x Shares (UPRO) available here: UPRO.

UPRO Ratings for September 17:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	75.4
P2	81.14	73.9	83.01
P3	83.64	80.43	89.87

AI Generated Signals for UPRO

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Proshares Ultrapro S&p 500 Etf 3x Shares (NASDAQ: UPRO) report below can help you, but we have more details too. The trading plans for UPRO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.