How the price action of Eagle Materials ($EXP) is used to our Advantage

August 29, 2023, 05:45 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EXP

• Buy EXP slightly over 171.96 target 183.57 stop loss @ 171.46 Details

The technical summary data tells us to buy EXP near 171.96 with an upside target of 183.57. This data also tells us to set a stop loss @ 171.46 to protect against excessive loss in case the stock begins to move against the trade. 171.96 is the first level of support below 181.62 , and by rule, any test of support is a buy signal. In this case, support 171.96 would be being tested, so a buy signal would exist.

• Short EXP slightly under 183.57, target 171.96, stop loss @ 184.1 Details

The technical summary data is suggesting a short of EXP as it gets near 183.57 with a downside target of 171.96. We should have a stop loss in place at 184.1though. 183.57 is the first level of resistance above 181.62, and by rule, any test of resistance is a short signal. In this case, if resistance 183.57 is being tested, so a short signal would exist.

Swing Trading Plans for EXP

• Buy EXP slightly over 183.57, target 195.10, Stop Loss @ 183.04 Details

If 183.57 begins to break higher, the technical summary data tells us to buy EXP just slightly over 183.57, with an upside target of 195.10. The data also tells us to set a stop loss @ 183.04 in case the stock turns against the trade. 183.57 is the first level of resistance above 181.62, and by rule, any break above resistance is a buy signal. In this case, 183.57, 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 EXP slightly near 183.57, target 180.28, Stop Loss @ 184.1. Details

The technical summary data is suggesting a short of EXP if it tests 183.57 with a downside target of 180.28. We should have a stop loss in place at 184.1 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, 183.57, 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 EXP

• Buy EXP slightly over 182.86, target 183.57, Stop Loss @ 182.43 Details

If 182.86 begins to break higher, the technical summary data tells us to buy EXP just slightly over 182.86, with an upside target of 183.57. The data also tells us to set a stop loss @ 182.43 in case the stock turns against the trade. 182.86 is the first level of resistance above 181.62, and by rule, any break above resistance is a buy signal. In this case, 182.86, 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 EXP slightly near 182.86, target 180.28, Stop Loss @ 183.29. Details

The technical summary data is suggesting a short of EXP if it tests 182.86 with a downside target of 180.28. We should have a stop loss in place at 183.29 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, 182.86, 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  Eagle Materials (EXP) available here: EXP.

EXP Ratings for August 29:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	171.96
P2	178.84	173.49	183.57
P3	182.86	180.28	195.10

AI Generated Signals for EXP

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Eagle Materials (NYSE: EXP) data table below can help you with price action, and we have more details too. Trading plans for EXP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.