When the Price of Ishares Russell Top 200 Growth Etf ($IWY) Talks, People Listen
December 15, 2023, 11:00 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IWY
- Buy IWY slightly over 170.29 target 177.95 stop loss @ 169.8 Details
The technical summary data tells us to buy IWY near 170.29 with an upside target of 177.95. This data also tells us to set a stop loss @ 169.8 to protect against excessive loss in case the stock begins to move against the trade. 170.29 is the first level of support below 173.74 , and by rule, any test of support is a buy signal. In this case, support 170.29 is being tested, a buy signal would exist.
- Short IWY slightly under 177.95, target 170.29, stop loss @ 178.46 Details
The technical summary data is suggesting a short of IWY as it gets near 177.95 with a downside target of 170.29. We should have a stop loss in place at 178.46though. 177.95 is the first level of resistance above 173.74, and by rule, any test of resistance is a short signal. In this case, if resistance 177.95 is being tested, a short signal would exist.
Swing Trading Plans for IWY
- Buy IWY slightly over 177.95, target n/a, Stop Loss @ 177.44 Details
If 177.95 begins to break higher, the technical summary data tells us to buy IWY just slightly over 177.95, with an upside target of n/a. The data also tells us to set a stop loss @ 177.44 in case the stock turns against the trade. 177.95 is the first level of resistance above 173.74, and by rule, any break above resistance is a buy signal. In this case, 177.95, 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 IWY slightly near 177.95, target 173.42, Stop Loss @ 178.46. Details
The technical summary data is suggesting a short of IWY if it tests 177.95 with a downside target of 173.42. We should have a stop loss in place at 178.46 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, 177.95, 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 IWY
- Buy IWY slightly over 174.03, target 177.95, Stop Loss @ 173.62 Details
If 174.03 begins to break higher, the technical summary data tells us to buy IWY just slightly over 174.03, with an upside target of 177.95. The data also tells us to set a stop loss @ 173.62 in case the stock turns against the trade. 174.03 is the first level of resistance above 173.74, and by rule, any break above resistance is a buy signal. In this case, 174.03, 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 IWY slightly near 174.03, target 173.42, Stop Loss @ 174.44. Details
The technical summary data is suggesting a short of IWY if it tests 174.03 with a downside target of 173.42. We should have a stop loss in place at 174.44 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, 174.03, 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 Ishares Russell Top 200 Growth Etf (IWY) available here: IWY.
IWY Ratings for December 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
162.24 |
| P2 |
172.82 |
170.98 |
170.29 |
| P3 |
174.03 |
173.42 |
177.95 |
AI Generated Signals for IWY
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Ishares Russell Top 200 Growth Etf (NYSE: IWY) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for IWY can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IWY:
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