When (HUBB) Moves Investors should Listen

April 02, 2024, 08:42 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HUBB

• Buy HUBB slightly over 401.11 target n/a stop loss @ 399.95. Details

The technical summary data tells us to buy HUBB near 401.11, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 399.95 to protect against excessive loss in case the stock begins to move against the trade. 401.11 is the first level of support below 416.8, and by rule, any test of support is a buy signal. In this case, if support 401.11 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for HUBB

• Buy HUBB slightly over 424.46, target n/a, Stop Loss @ 423.23 Details

If 424.46 begins to break higher, the technical summary data tells us to buy HUBB just slightly over 424.46, with an upside target of n/a. The data also tells us to set a stop loss @ 423.23 in case the stock turns against the trade. 424.46 is the first level of resistance above 416.8, and by rule, any break above resistance is a buy signal. In this case, 424.46, 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 HUBB slightly near 424.46, target 414.05, Stop Loss @ 425.69. Details

The technical summary data is suggesting a short of HUBB if it tests 424.46 with a downside target of 414.05. We should have a stop loss in place at 425.69 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, 424.46, 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 HUBB

• Buy HUBB slightly over 417.03, target 424.46, Stop Loss @ 416.06 Details

If 417.03 begins to break higher, the technical summary data tells us to buy HUBB just slightly over 417.03, with an upside target of 424.46. The data also tells us to set a stop loss @ 416.06 in case the stock turns against the trade. 417.03 is the first level of resistance above 416.8, and by rule, any break above resistance is a buy signal. In this case, 417.03, 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 HUBB slightly near 417.03, target 414.05, Stop Loss @ 418. Details

The technical summary data is suggesting a short of HUBB if it tests 417.03 with a downside target of 414.05. We should have a stop loss in place at 418 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, 417.03, 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  Hubbell Inc (HUBB) available here: HUBB.

HUBB Ratings for April 02:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	330.97
P2	413.09	414.05	366.39
P3	417.03	424.46	401.11

AI Generated Signals for HUBB

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