When the Price of (VRDN) Talks, People Listen
June 15, 2024, 13:46 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VRDN
- Buy VRDN slightly over 10.9 target 14.87 stop loss @ 10.87 Details
The technical summary data tells us to buy VRDN near 10.9 with an upside target of 14.87. This data also tells us to set a stop loss @ 10.87 to protect against excessive loss in case the stock begins to move against the trade. 10.9 is the first level of support below 12.44 , and by rule, any test of support is a buy signal. In this case, support 10.9 would be being tested, so a buy signal would exist.
- Short VRDN slightly under 14.87, target 10.9, stop loss @ 14.91 Details
The technical summary data is suggesting a short of VRDN as it gets near 14.87 with a downside target of 10.9. We should have a stop loss in place at 14.91though. 14.87 is the first level of resistance above 12.44, and by rule, any test of resistance is a short signal. In this case, if resistance 14.87 is being tested, so a short signal would exist.
Swing Trading Plans for VRDN
- Buy VRDN slightly over 13.26, target 14.87, Stop Loss @ 13.22 Details
If 13.26 begins to break higher, the technical summary data tells us to buy VRDN just slightly over 13.26, with an upside target of 14.87. The data also tells us to set a stop loss @ 13.22 in case the stock turns against the trade. 13.26 is the first level of resistance above 12.44, and by rule, any break above resistance is a buy signal. In this case, 13.26, 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 VRDN slightly near 13.26, target 12.38, Stop Loss @ 13.3. Details
The technical summary data is suggesting a short of VRDN if it tests 13.26 with a downside target of 12.38. We should have a stop loss in place at 13.3 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, 13.26, 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 VRDN
- Buy VRDN slightly over 13.33, target 14.87, Stop Loss @ 13.3 Details
If 13.33 begins to break higher, the technical summary data tells us to buy VRDN just slightly over 13.33, with an upside target of 14.87. The data also tells us to set a stop loss @ 13.3 in case the stock turns against the trade. 13.33 is the first level of resistance above 12.44, and by rule, any break above resistance is a buy signal. In this case, 13.33, 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 VRDN slightly near 13.33, target 12.42, Stop Loss @ 13.36. Details
The technical summary data is suggesting a short of VRDN if it tests 13.33 with a downside target of 12.42. We should have a stop loss in place at 13.36 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, 13.33, 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 Viridian Therapeutics Inc. (VRDN) available here: VRDN.
VRDN Ratings for June 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
10.9 |
| P2 |
12.42 |
12.38 |
14.87 |
| P3 |
13.33 |
13.26 |
19.09 |
AI Generated Signals for VRDN
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Viridian Therapeutics Inc. (NASDAQ: VRDN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for VRDN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for VRDN:
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