When (INSP) Moves Investors should Listen

September 20, 2024, 07:06 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INSP

• Buy INSP near 181.54 target 222.77 stop loss @ 181.02 Details

The technical summary data tells us to buy INSP near 181.54 with an upside target of 222.77. This data also tells us to set a stop loss @ 181.02 to protect against excessive loss in case the stock begins to move against the trade. 181.54 is the first level of support below 212.1 , and by rule, any test of support is a buy signal. In this case, support 181.54 is being tested, a buy signal would exist.

• Short INSP slightly under 222.77, target 181.54, stop loss @ 223.41 Details

The technical summary data is suggesting a short of INSP as it gets near 222.77 with a downside target of 181.54. We should have a stop loss in place at 223.41though. 222.77 is the first level of resistance above 212.1, and by rule, any test of resistance is a short signal. In this case, if resistance 222.77 is being tested, a short signal would exist.

Swing Trading Plans for INSP

• Buy INSP slightly over 219.27, target 222.77, Stop Loss @ 218.64 Details

If 219.27 begins to break higher, the technical summary data tells us to buy INSP just slightly over 219.27, with an upside target of 222.77. The data also tells us to set a stop loss @ 218.64 in case the stock turns against the trade. 219.27 is the first level of resistance above 212.1, and by rule, any break above resistance is a buy signal. In this case, 219.27, 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 INSP slightly near 219.27, target 206.76, Stop Loss @ 219.9. Details

The technical summary data is suggesting a short of INSP if it tests 219.27 with a downside target of 206.76. We should have a stop loss in place at 219.9 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, 219.27, 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 INSP

• Buy INSP slightly over 213.94, target 219.27, Stop Loss @ 213.44 Details

If 213.94 begins to break higher, the technical summary data tells us to buy INSP just slightly over 213.94, with an upside target of 219.27. The data also tells us to set a stop loss @ 213.44 in case the stock turns against the trade. 213.94 is the first level of resistance above 212.1, and by rule, any break above resistance is a buy signal. In this case, 213.94, 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 INSP slightly near 213.94, target 208.92, Stop Loss @ 214.44. Details

The technical summary data is suggesting a short of INSP if it tests 213.94 with a downside target of 208.92. We should have a stop loss in place at 214.44 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, 213.94, 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  Inspire Medical Systems Inc. (INSP) available here: INSP.

INSP Ratings for September 20:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	142.68
P2	208.92	206.76	181.54
P3	213.94	219.27	222.77

AI Generated Signals for INSP

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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  Inspire Medical Systems Inc. (NASDAQ: INSP) report below is a real world example. Included are trading plans for INSP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.