pool adsPolitical Decisions Influence Proshares Ultra Health Care #RXL and Investors Should Listen
No matter what industry we are talking about, #politics and policy changes can affect the #price of a #stock in that industry, and Proshares Ultra Health Care (NYSE: RXL) is not an exception. RXL like every other company, it will experience ebbs and flows based on this type of news too, so it is important for us to pay attention. The good news is, Wall Street usually prices in events like this before they happen. The Stock Market is an exceptional forecasting tool, so if we pay attention to price we can often determine what will happen before it happens. That is exactly what we attempt to do using the price data below. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 80.93 |
| P2 | 88.43 | 86.52 | 85.49 |
| P3 | 92.67 | 89.18 | 89.83 |
Support and Resistance Plot Chart for RXL
Longer Term Trading Plans for RXL
May 18, 2021, 4:15 pm ET
Our Longer Term Plans for RXL help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this RXL Report.
RXL - (Long) Support Plan
Buy over 85.49 target 89.83 stop loss @ 85.24
RXL - (Short) Resistance Plan
Short under 89.83, target 85.49, stop loss @ 90.09
Blue = Current Price
Red= Resistance
Green = Support
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