When the Price of (ARW) Talks, People Listen
February 17, 2024, 02:56 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ARW
- Buy ARW slightly over 109.56 target 120.38 stop loss @ 109.24 Details
The technical summary data tells us to buy ARW near 109.56 with an upside target of 120.38. This data also tells us to set a stop loss @ 109.24 to protect against excessive loss in case the stock begins to move against the trade. 109.56 is the first level of support below 113.8 , and by rule, any test of support is a buy signal. In this case, support 109.56 would be being tested, so a buy signal would exist.
- Short ARW slightly under 120.38, target 109.56, stop loss @ 120.73 Details
The technical summary data is suggesting a short of ARW as it gets near 120.38 with a downside target of 109.56. We should have a stop loss in place at 120.73though. 120.38 is the first level of resistance above 113.8, and by rule, any test of resistance is a short signal. In this case, if resistance 120.38 is being tested, so a short signal would exist.
Swing Trading Plans for ARW
- Buy ARW slightly over 120.38, target 131.49, Stop Loss @ 120.03 Details
If 120.38 begins to break higher, the technical summary data tells us to buy ARW just slightly over 120.38, with an upside target of 131.49. The data also tells us to set a stop loss @ 120.03 in case the stock turns against the trade. 120.38 is the first level of resistance above 113.8, and by rule, any break above resistance is a buy signal. In this case, 120.38, 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 ARW slightly near 120.38, target 113.35, Stop Loss @ 120.73. Details
The technical summary data is suggesting a short of ARW if it tests 120.38 with a downside target of 113.35. We should have a stop loss in place at 120.73 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, 120.38, 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 ARW
- Buy ARW slightly over 113.82, target 120.38, Stop Loss @ 113.55 Details
If 113.82 begins to break higher, the technical summary data tells us to buy ARW just slightly over 113.82, with an upside target of 120.38. The data also tells us to set a stop loss @ 113.55 in case the stock turns against the trade. 113.82 is the first level of resistance above 113.8, and by rule, any break above resistance is a buy signal. In this case, 113.82, 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 ARW slightly near 113.82, target 113.35, Stop Loss @ 114.09. Details
The technical summary data is suggesting a short of ARW if it tests 113.82 with a downside target of 113.35. We should have a stop loss in place at 114.09 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, 113.82, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Arrow Electronics Inc. (ARW) available here: ARW.
ARW Ratings for February 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
109.56 |
| P2 |
111.02 |
110.34 |
120.38 |
| P3 |
113.82 |
113.35 |
131.49 |
AI Generated Signals for ARW
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 Arrow Electronics Inc. (NYSE: ARW) 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 ARW 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 ARW:
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