Trading (INSP) With Integrated Risk Controls
June 12, 2024, 14:44 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INSP
- Buy INSP slightly over 165.13 target 220.29 stop loss @ 164.65 Details
The technical summary data tells us to buy INSP near 165.13 with an upside target of 220.29. This data also tells us to set a stop loss @ 164.65 to protect against excessive loss in case the stock begins to move against the trade. 165.13 is the first level of support below 167.42 , and by rule, any test of support is a buy signal. In this case, support 165.13 is being tested, a buy signal would exist.
- Short INSP slightly under 220.29, target 165.13, stop loss @ 220.93 Details
The technical summary data is suggesting a short of INSP as it gets near 220.29 with a downside target of 165.13. We should have a stop loss in place at 220.93though. 220.29 is the first level of resistance above 167.42, and by rule, any test of resistance is a short signal. In this case, if resistance 220.29 is being tested, a short signal would exist.
Swing Trading Plans for INSP
- Buy INSP slightly over 220.29, target n/a, Stop Loss @ 219.65 Details
If 220.29 begins to break higher, the technical summary data tells us to buy INSP just slightly over 220.29, with an upside target of n/a. The data also tells us to set a stop loss @ 219.65 in case the stock turns against the trade. 220.29 is the first level of resistance above 167.42, and by rule, any break above resistance is a buy signal. In this case, 220.29, 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 220.29, target 165.13, Stop Loss @ 220.93. Details
The technical summary data is suggesting a short of INSP if it tests 220.29 with a downside target of 165.13. We should have a stop loss in place at 220.93 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, 220.29, 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 220.29, target n/a, Stop Loss @ 219.78 Details
If 220.29 begins to break higher, the technical summary data tells us to buy INSP just slightly over 220.29, with an upside target of n/a. The data also tells us to set a stop loss @ 219.78 in case the stock turns against the trade. 220.29 is the first level of resistance above 167.42, and by rule, any break above resistance is a buy signal. In this case, 220.29, 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 220.29, target 166.86, Stop Loss @ 220.8. Details
The technical summary data is suggesting a short of INSP if it tests 220.29 with a downside target of 166.86. We should have a stop loss in place at 220.8 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, 220.29, 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 June 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
111.11 |
| P2 |
162.18 |
151.58 |
165.13 |
| P3 |
166.86 |
161.88 |
220.29 |
AI Generated Signals for INSP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for INSP:
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