When (NMFC) Moves Investors should Listen
July 23, 2024, 11:12 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NMFC
- Buy NMFC slightly over 12.42 target 12.68 stop loss @ 12.38 Details
The technical summary data tells us to buy NMFC near 12.42 with an upside target of 12.68. This data also tells us to set a stop loss @ 12.38 to protect against excessive loss in case the stock begins to move against the trade. 12.42 is the first level of support below 12.425 , and by rule, any test of support is a buy signal. In this case, support 12.42 is being tested, a buy signal would exist.
- Short NMFC slightly under 12.68, target 12.42, stop loss @ 12.72 Details
The technical summary data is suggesting a short of NMFC as it gets near 12.68 with a downside target of 12.42. We should have a stop loss in place at 12.72though. 12.68 is the first level of resistance above 12.425, and by rule, any test of resistance is a short signal. In this case, if resistance 12.68 is being tested, a short signal would exist.
Swing Trading Plans for NMFC
- Buy NMFC slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy NMFC just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 12.425, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 NMFC slightly near n/a, target 12.42, Stop Loss @ 0. Details
The technical summary data is suggesting a short of NMFC if it tests n/a with a downside target of 12.42. We should have a stop loss in place at 0 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, n/a, 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 NMFC
- Buy NMFC slightly over 12.68, target n/a, Stop Loss @ 12.65 Details
If 12.68 begins to break higher, the technical summary data tells us to buy NMFC just slightly over 12.68, with an upside target of n/a. The data also tells us to set a stop loss @ 12.65 in case the stock turns against the trade. 12.68 is the first level of resistance above 12.425, and by rule, any break above resistance is a buy signal. In this case, 12.68, 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 NMFC slightly near 12.68, target 12.42, Stop Loss @ 12.71. Details
The technical summary data is suggesting a short of NMFC if it tests 12.68 with a downside target of 12.42. We should have a stop loss in place at 12.71 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, 12.68, 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 New Mountain Finance Corporation (NMFC) available here: NMFC.
NMFC Ratings for July 23:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
12.16 |
P2 |
12.37 |
12.42 |
12.42 |
P3 |
0 |
|
12.68 |
AI Generated Signals for NMFC
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 New Mountain Finance Corporation (NASDAQ: NMFC) report below is a real world example. Included are trading plans for NMFC, 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 NMFC: