Learn to Evaluate (EMR) using the Charts
January 05, 2024, 02:40 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EMR
- Buy EMR slightly over 94.7 target 100.86 stop loss @ 94.43 Details
The technical summary data tells us to buy EMR near 94.7 with an upside target of 100.86. This data also tells us to set a stop loss @ 94.43 to protect against excessive loss in case the stock begins to move against the trade. 94.7 is the first level of support below 95.1 , and by rule, any test of support is a buy signal. In this case, support 94.7 is being tested, a buy signal would exist.
- Short EMR slightly under 100.86, target 94.7, stop loss @ 101.15 Details
The technical summary data is suggesting a short of EMR as it gets near 100.86 with a downside target of 94.7. We should have a stop loss in place at 101.15though. 100.86 is the first level of resistance above 95.1, and by rule, any test of resistance is a short signal. In this case, if resistance 100.86 is being tested, a short signal would exist.
Swing Trading Plans for EMR
- Buy EMR slightly over 95.23, target 97.32, Stop Loss @ 94.95 Details
If 95.23 begins to break higher, the technical summary data tells us to buy EMR just slightly over 95.23, with an upside target of 97.32. The data also tells us to set a stop loss @ 94.95 in case the stock turns against the trade. 95.23 is the first level of resistance above 95.1, and by rule, any break above resistance is a buy signal. In this case, 95.23, 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 EMR slightly near 95.23, target 94.7, Stop Loss @ 95.51. Details
The technical summary data is suggesting a short of EMR if it tests 95.23 with a downside target of 94.7. We should have a stop loss in place at 95.51 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, 95.23, 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 EMR
- Buy EMR slightly over 95.41, target 97.32, Stop Loss @ 95.19 Details
If 95.41 begins to break higher, the technical summary data tells us to buy EMR just slightly over 95.41, with an upside target of 97.32. The data also tells us to set a stop loss @ 95.19 in case the stock turns against the trade. 95.41 is the first level of resistance above 95.1, and by rule, any break above resistance is a buy signal. In this case, 95.41, 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 EMR slightly near 95.41, target 94.7, Stop Loss @ 95.63. Details
The technical summary data is suggesting a short of EMR if it tests 95.41 with a downside target of 94.7. We should have a stop loss in place at 95.63 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, 95.41, 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 Emerson Electric Company (EMR) available here: EMR.
EMR Ratings for January 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
88.13 |
| P2 |
94.18 |
95.23 |
94.7 |
| P3 |
95.41 |
97.32 |
100.86 |
AI Generated Signals for EMR
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Emerson Electric Company (NYSE: EMR) report below can help you understand how to do this. The trading plans for EMR, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EMR:
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