When Invalid Iqfeed Symbol (SGMS) Moves Investors should Listen

May 10, 2022, 20:45 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Invalid Iqfeed Symbol (NASDAQ: SGMS) report below is a real world example. Included are trading plans for SGMS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for SGMS

• Buy SGMS slightly over 52.08 target 63.94 stop loss @ 51.93 Details

The technical summary data tells us to buy SGMS near 52.08 with an upside target of 63.94. This data also tells us to set a stop loss @ 51.93 to protect against excessive loss in case the stock begins to move against the trade. 52.08 is the first level of support below 58.07 , and by rule, any test of support is a buy signal. In this case, support 52.08 would be being tested, so a buy signal would exist.

• Short SGMS under 63.94, target 52.08, stop loss @ 64.12 Details

The technical summary data is suggesting a short of SGMS as it gets near 63.94 with a downside target of 52.08. We should have a stop loss in place at 64.12though. 63.94 is the first level of resistance above 58.07, and by rule, any test of resistance is a short signal. In this case, if resistance 63.94 is being tested, so a short signal would exist.

Swing Trading Plans for SGMS

• Buy SGMS slightly over 60.82, target 63.94, Stop Loss @ 60.64 Details

If 60.82 begins to break higher, the technical summary data tells us to buy SGMS just slightly over 60.82, with an upside target of 63.94. The data also tells us to set a stop loss @ 60.64 in case the stock turns against the trade. 60.82 is the first level of resistance above 58.07, and by rule, any break above resistance is a buy signal. In this case, 60.82, 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 SGMS near 60.82, target 56.55, Stop Loss @ 61. Details

The technical summary data is suggesting a short of SGMS if it tests 60.82 with a downside target of 56.55. We should have a stop loss in place at 61 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, 60.82, 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 SGMS

• Buy SGMS slightly over 60.82, target 63.94, Stop Loss @ 60.68 Details

If 60.82 begins to break higher, the technical summary data tells us to buy SGMS just slightly over 60.82, with an upside target of 63.94. The data also tells us to set a stop loss @ 60.68 in case the stock turns against the trade. 60.82 is the first level of resistance above 58.07, and by rule, any break above resistance is a buy signal. In this case, 60.82, 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 SGMS near 60.82, target 57.90, Stop Loss @ 60.96. Details

The technical summary data is suggesting a short of SGMS if it tests 60.82 with a downside target of 57.90. We should have a stop loss in place at 60.96 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, 60.82, 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.

SGMS Ratings for May 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	52.08
P2	55.77	56.55	63.94
P3	57.90	60.82	76.33

Support and Resistance Plot Chart for SGMS

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