When (AXSM) Moves Investors should Listen
April 09, 2024, 21:12 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AXSM
- Buy AXSM slightly over 67.18 target 78.61 stop loss @ 66.99 Details
The technical summary data tells us to buy AXSM near 67.18 with an upside target of 78.61. This data also tells us to set a stop loss @ 66.99 to protect against excessive loss in case the stock begins to move against the trade. 67.18 is the first level of support below 72.64 , and by rule, any test of support is a buy signal. In this case, support 67.18 would be being tested, so a buy signal would exist.
- Short AXSM slightly under 78.61, target 67.18, stop loss @ 78.84 Details
The technical summary data is suggesting a short of AXSM as it gets near 78.61 with a downside target of 67.18. We should have a stop loss in place at 78.84though. 78.61 is the first level of resistance above 72.64, and by rule, any test of resistance is a short signal. In this case, if resistance 78.61 is being tested, so a short signal would exist.
Swing Trading Plans for AXSM
- Buy AXSM slightly over 72.7, target 78.61, Stop Loss @ 72.49 Details
If 72.7 begins to break higher, the technical summary data tells us to buy AXSM just slightly over 72.7, with an upside target of 78.61. The data also tells us to set a stop loss @ 72.49 in case the stock turns against the trade. 72.7 is the first level of resistance above 72.64, and by rule, any break above resistance is a buy signal. In this case, 72.7, 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 AXSM slightly near 72.7, target 69.89, Stop Loss @ 72.91. Details
The technical summary data is suggesting a short of AXSM if it tests 72.7 with a downside target of 69.89. We should have a stop loss in place at 72.91 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, 72.7, 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 AXSM
- Buy AXSM slightly over 72.7, target 78.61, Stop Loss @ 72.53 Details
If 72.7 begins to break higher, the technical summary data tells us to buy AXSM just slightly over 72.7, with an upside target of 78.61. The data also tells us to set a stop loss @ 72.53 in case the stock turns against the trade. 72.7 is the first level of resistance above 72.64, and by rule, any break above resistance is a buy signal. In this case, 72.7, 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 AXSM slightly near 72.7, target 71.37, Stop Loss @ 72.87. Details
The technical summary data is suggesting a short of AXSM if it tests 72.7 with a downside target of 71.37. We should have a stop loss in place at 72.87 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, 72.7, 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 Axsome Therapeutics Inc. (AXSM) available here: AXSM.
AXSM Ratings for April 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
67.18 |
| P2 |
71.37 |
69.89 |
78.61 |
| P3 |
72.55 |
72.7 |
90.38 |
AI Generated Signals for AXSM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Axsome Therapeutics Inc. (NASDAQ: AXSM) report below is a real world example. Included are trading plans for AXSM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AXSM:
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