How the price action of Teleflex ($TFX) is used to our Advantage

April 29, 2023, 19:15 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TFX

• Buy TFX slightly over 243.20 target n/a stop loss @ 242.5. Details

The technical summary data tells us to buy TFX near 243.20, 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 242.5 to protect against excessive loss in case the stock begins to move against the trade. 243.20 is the first level of support below 272.52, and by rule, any test of support is a buy signal. In this case, if support 243.20 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 TFX

• Buy TFX slightly over 274.09, target n/a, Stop Loss @ 273.3 Details

If 274.09 begins to break higher, the technical summary data tells us to buy TFX just slightly over 274.09, with an upside target of n/a. The data also tells us to set a stop loss @ 273.3 in case the stock turns against the trade. 274.09 is the first level of resistance above 272.52, and by rule, any break above resistance is a buy signal. In this case, 274.09, 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 TFX slightly near 274.09, target 267.16, Stop Loss @ 274.88. Details

The technical summary data is suggesting a short of TFX if it tests 274.09 with a downside target of 267.16. We should have a stop loss in place at 274.88 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, 274.09, 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 TFX

• Buy TFX slightly over 274.09, target n/a, Stop Loss @ 273.45 Details

If 274.09 begins to break higher, the technical summary data tells us to buy TFX just slightly over 274.09, with an upside target of n/a. The data also tells us to set a stop loss @ 273.45 in case the stock turns against the trade. 274.09 is the first level of resistance above 272.52, and by rule, any break above resistance is a buy signal. In this case, 274.09, 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 TFX slightly near 274.09, target 271.61, Stop Loss @ 274.73. Details

The technical summary data is suggesting a short of TFX if it tests 274.09 with a downside target of 271.61. We should have a stop loss in place at 274.73 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, 274.09, 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  Teleflex (TFX) available here: TFX.

TFX Ratings for April 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	174.95
P2	265.97	267.16	208.71
P3	271.61	274.09	243.20

AI Generated Signals for TFX

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Teleflex (NYSE: TFX) data table below can help you with price action, and we have more details too. Trading plans for TFX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.