Trading (HEI) With Integrated Risk Controls

August 24, 2024, 15:26 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HEI

• Buy HEI slightly over 246.33 target n/a stop loss @ 245.62. Details

The technical summary data tells us to buy HEI near 246.33, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 245.62 to protect against excessive loss in case the stock begins to move against the trade. 246.33 is the first level of support below 246.72, and by rule, any test of support is a buy signal. In this case, if support 246.33 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for HEI

• Buy HEI slightly over 248.57, target n/a, Stop Loss @ 247.85 Details

If 248.57 begins to break higher, the technical summary data tells us to buy HEI just slightly over 248.57, with an upside target of n/a. The data also tells us to set a stop loss @ 247.85 in case the stock turns against the trade. 248.57 is the first level of resistance above 246.72, and by rule, any break above resistance is a buy signal. In this case, 248.57, 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 HEI slightly near 248.57, target 246.33, Stop Loss @ 249.29. Details

The technical summary data is suggesting a short of HEI if it tests 248.57 with a downside target of 246.33. We should have a stop loss in place at 249.29 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, 248.57, 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 HEI

• Buy HEI slightly over 248.57, target 249.31, Stop Loss @ 247.99 Details

If 248.57 begins to break higher, the technical summary data tells us to buy HEI just slightly over 248.57, with an upside target of 249.31. The data also tells us to set a stop loss @ 247.99 in case the stock turns against the trade. 248.57 is the first level of resistance above 246.72, and by rule, any break above resistance is a buy signal. In this case, 248.57, 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 HEI slightly near 248.57, target 246.33, Stop Loss @ 249.15. Details

The technical summary data is suggesting a short of HEI if it tests 248.57 with a downside target of 246.33. We should have a stop loss in place at 249.15 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, 248.57, 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 Heico Corporation (HEI) available here: HEI.

HEI Ratings for August 24:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	221.28
P2	245.61	243.37	233.26
P3	249.31	248.57	246.33

AI Generated Signals for HEI

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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 Heico Corporation (NYSE: HEI) report below can help you, but we have more details too. The trading plans for HEI, 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.