When (EME) Moves Investors should Listen
February 06, 2024, 10:34 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EME
- Buy EME slightly over 231.25 target 246.29 stop loss @ 230.58 Details
The technical summary data tells us to buy EME near 231.25 with an upside target of 246.29. This data also tells us to set a stop loss @ 230.58 to protect against excessive loss in case the stock begins to move against the trade. 231.25 is the first level of support below 233.4 , and by rule, any test of support is a buy signal. In this case, support 231.25 is being tested, a buy signal would exist.
- Short EME slightly under 246.29, target 231.25, stop loss @ 247 Details
The technical summary data is suggesting a short of EME as it gets near 246.29 with a downside target of 231.25. We should have a stop loss in place at 247though. 246.29 is the first level of resistance above 233.4, and by rule, any test of resistance is a short signal. In this case, if resistance 246.29 is being tested, a short signal would exist.
Swing Trading Plans for EME
- Buy EME slightly over 237.07, target 246.29, Stop Loss @ 236.39 Details
If 237.07 begins to break higher, the technical summary data tells us to buy EME just slightly over 237.07, with an upside target of 246.29. The data also tells us to set a stop loss @ 236.39 in case the stock turns against the trade. 237.07 is the first level of resistance above 233.4, and by rule, any break above resistance is a buy signal. In this case, 237.07, 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 EME slightly near 237.07, target 231.3, Stop Loss @ 237.75. Details
The technical summary data is suggesting a short of EME if it tests 237.07 with a downside target of 231.3. We should have a stop loss in place at 237.75 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, 237.07, 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 EME
- Buy EME slightly over 237.14, target 246.29, Stop Loss @ 236.59 Details
If 237.14 begins to break higher, the technical summary data tells us to buy EME just slightly over 237.14, with an upside target of 246.29. The data also tells us to set a stop loss @ 236.59 in case the stock turns against the trade. 237.14 is the first level of resistance above 233.4, and by rule, any break above resistance is a buy signal. In this case, 237.14, 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 EME slightly near 237.14, target 233.32, Stop Loss @ 237.69. Details
The technical summary data is suggesting a short of EME if it tests 237.14 with a downside target of 233.32. We should have a stop loss in place at 237.69 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, 237.14, 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 Emcor Group Inc. (EME) available here: EME.
EME Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
216.8 |
| P2 |
233.32 |
231.3 |
231.25 |
| P3 |
237.14 |
237.07 |
246.29 |
AI Generated Signals for EME
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 Emcor Group Inc. (NYSE: EME) report below is a real world example. Included are trading plans for EME, 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 EME:
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