Trading (URAA) With Integrated Risk Controls

November 29, 2024, 03:08 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for URAA

• Buy URAA near 23.02 target 27.59 stop loss @ 22.95 Details

The technical summary data tells us to buy URAA near 23.02 with an upside target of 27.59. This data also tells us to set a stop loss @ 22.95 to protect against excessive loss in case the stock begins to move against the trade. 23.02 is the first level of support below 25.1206 , and by rule, any test of support is a buy signal. In this case, support 23.02 is being tested, a buy signal would exist.

• Short URAA slightly under 27.59, target 23.02, stop loss @ 27.67 Details

The technical summary data is suggesting a short of URAA as it gets near 27.59 with a downside target of 23.02. We should have a stop loss in place at 27.67though. 27.59 is the first level of resistance above 25.1206, and by rule, any test of resistance is a short signal. In this case, if resistance 27.59 is being tested, a short signal would exist.

Swing Trading Plans for URAA

• Buy URAA slightly over 25.55, target 27.59, Stop Loss @ 25.48 Details

If 25.55 begins to break higher, the technical summary data tells us to buy URAA just slightly over 25.55, with an upside target of 27.59. The data also tells us to set a stop loss @ 25.48 in case the stock turns against the trade. 25.55 is the first level of resistance above 25.1206, and by rule, any break above resistance is a buy signal. In this case, 25.55, 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 URAA slightly near 25.55, target 23.02, Stop Loss @ 25.62. Details

The technical summary data is suggesting a short of URAA if it tests 25.55 with a downside target of 23.02. We should have a stop loss in place at 25.62 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, 25.55, 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 URAA

• Buy URAA slightly over 25.33, target 25.55, Stop Loss @ 25.27 Details

If 25.33 begins to break higher, the technical summary data tells us to buy URAA just slightly over 25.33, with an upside target of 25.55. The data also tells us to set a stop loss @ 25.27 in case the stock turns against the trade. 25.33 is the first level of resistance above 25.1206, and by rule, any break above resistance is a buy signal. In this case, 25.33, 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 URAA slightly near 25.33, target 24.42, Stop Loss @ 25.39. Details

The technical summary data is suggesting a short of URAA if it tests 25.33 with a downside target of 24.42. We should have a stop loss in place at 25.39 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, 25.33, 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 Direxion Shares Etf Trust Daily Uranium Industry Bull 2x Shares (URAA) available here: URAA.

URAA Ratings for November 29:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	18.7
P2	24.42	25.55	23.02
P3	25.33	27.94	27.59

AI Generated Signals for URAA

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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 Direxion Shares Etf Trust Daily Uranium Industry Bull 2x Shares (NASDAQ: URAA) report below can help you, but we have more details too. The trading plans for URAA, 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.