Trading (WCC) With Integrated Risk Controls

January 23, 2024, 06:12 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WCC

• Buy WCC slightly over 160.56 target 178.37 stop loss @ 160.1 Details

The technical summary data tells us to buy WCC near 160.56 with an upside target of 178.37. This data also tells us to set a stop loss @ 160.1 to protect against excessive loss in case the stock begins to move against the trade. 160.56 is the first level of support below 175.66 , and by rule, any test of support is a buy signal. In this case, support 160.56 is being tested, a buy signal would exist.

• Short WCC slightly under 178.37, target 160.56, stop loss @ 178.89 Details

The technical summary data is suggesting a short of WCC as it gets near 178.37 with a downside target of 160.56. We should have a stop loss in place at 178.89though. 178.37 is the first level of resistance above 175.66, and by rule, any test of resistance is a short signal. In this case, if resistance 178.37 is being tested, a short signal would exist.

Swing Trading Plans for WCC

• Buy WCC slightly over 178.37, target n/a, Stop Loss @ 177.85 Details

If 178.37 begins to break higher, the technical summary data tells us to buy WCC just slightly over 178.37, with an upside target of n/a. The data also tells us to set a stop loss @ 177.85 in case the stock turns against the trade. 178.37 is the first level of resistance above 175.66, and by rule, any break above resistance is a buy signal. In this case, 178.37, 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 WCC slightly near 178.37, target 174.86, Stop Loss @ 178.89. Details

The technical summary data is suggesting a short of WCC if it tests 178.37 with a downside target of 174.86. We should have a stop loss in place at 178.89 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, 178.37, 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 WCC

• Buy WCC slightly over 176.64, target 178.37, Stop Loss @ 176.23 Details

If 176.64 begins to break higher, the technical summary data tells us to buy WCC just slightly over 176.64, with an upside target of 178.37. The data also tells us to set a stop loss @ 176.23 in case the stock turns against the trade. 176.64 is the first level of resistance above 175.66, and by rule, any break above resistance is a buy signal. In this case, 176.64, 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 WCC slightly near 176.64, target 174.86, Stop Loss @ 177.05. Details

The technical summary data is suggesting a short of WCC if it tests 176.64 with a downside target of 174.86. We should have a stop loss in place at 177.05 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, 176.64, 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 Wesco International Inc. (WCC) available here: WCC.

WCC Ratings for January 23:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	141.96
P2	174.07	170.54	160.56
P3	176.64	174.86	178.37

AI Generated Signals for WCC

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Wesco International Inc. (NYSE: WCC) report below can help you, but we have more details too. The trading plans for WCC, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.