Learn to Evaluate (MHO) using the Charts
March 09, 2024, 19:28 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MHO
- Buy MHO slightly over 114.2 target 128.32 stop loss @ 113.87 Details
The technical summary data tells us to buy MHO near 114.2 with an upside target of 128.32. This data also tells us to set a stop loss @ 113.87 to protect against excessive loss in case the stock begins to move against the trade. 114.2 is the first level of support below 126.83 , and by rule, any test of support is a buy signal. In this case, support 114.2 would be being tested, so a buy signal would exist.
- Short MHO slightly under 128.32, target 114.2, stop loss @ 128.69 Details
The technical summary data is suggesting a short of MHO as it gets near 128.32 with a downside target of 114.2. We should have a stop loss in place at 128.69though. 128.32 is the first level of resistance above 126.83, and by rule, any test of resistance is a short signal. In this case, if resistance 128.32 is being tested, so a short signal would exist.
Swing Trading Plans for MHO
- Buy MHO slightly over 128.32, target 131.97, Stop Loss @ 127.95 Details
If 128.32 begins to break higher, the technical summary data tells us to buy MHO just slightly over 128.32, with an upside target of 131.97. The data also tells us to set a stop loss @ 127.95 in case the stock turns against the trade. 128.32 is the first level of resistance above 126.83, and by rule, any break above resistance is a buy signal. In this case, 128.32, 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 MHO slightly near 128.32, target 126.74, Stop Loss @ 128.69. Details
The technical summary data is suggesting a short of MHO if it tests 128.32 with a downside target of 126.74. We should have a stop loss in place at 128.69 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, 128.32, 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 MHO
- Buy MHO slightly over 128.32, target 128.8, Stop Loss @ 128.02 Details
If 128.32 begins to break higher, the technical summary data tells us to buy MHO just slightly over 128.32, with an upside target of 128.8. The data also tells us to set a stop loss @ 128.02 in case the stock turns against the trade. 128.32 is the first level of resistance above 126.83, and by rule, any break above resistance is a buy signal. In this case, 128.32, 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 MHO slightly near 128.32, target 126.74, Stop Loss @ 128.62. Details
The technical summary data is suggesting a short of MHO if it tests 128.32 with a downside target of 126.74. We should have a stop loss in place at 128.62 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, 128.32, 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 M/i Homes Inc. (MHO) available here: MHO.
MHO Ratings for March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
114.2 |
| P2 |
124.44 |
126.74 |
128.32 |
| P3 |
128.8 |
131.97 |
142.96 |
AI Generated Signals for MHO
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 M/i Homes Inc. (NYSE: MHO) report below can help you understand how to do this. The trading plans for MHO, 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 MHO:
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