Trading (EGP) With Integrated Risk Controls

March 01, 2024, 12:00 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EGP

• Buy EGP slightly over 171.38 target 180.74 stop loss @ 170.89 Details

The technical summary data tells us to buy EGP near 171.38 with an upside target of 180.74. This data also tells us to set a stop loss @ 170.89 to protect against excessive loss in case the stock begins to move against the trade. 171.38 is the first level of support below 178.58 , and by rule, any test of support is a buy signal. In this case, support 171.38 would be being tested, so a buy signal would exist.

• Short EGP slightly under 180.74, target 171.38, stop loss @ 181.26 Details

The technical summary data is suggesting a short of EGP as it gets near 180.74 with a downside target of 171.38. We should have a stop loss in place at 181.26though. 180.74 is the first level of resistance above 178.58, and by rule, any test of resistance is a short signal. In this case, if resistance 180.74 is being tested, so a short signal would exist.

Swing Trading Plans for EGP

• Buy EGP slightly over 178.95, target 180.74, Stop Loss @ 178.43 Details

If 178.95 begins to break higher, the technical summary data tells us to buy EGP just slightly over 178.95, with an upside target of 180.74. The data also tells us to set a stop loss @ 178.43 in case the stock turns against the trade. 178.95 is the first level of resistance above 178.58, and by rule, any break above resistance is a buy signal. In this case, 178.95, 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 EGP slightly near 178.95, target 175.92, Stop Loss @ 179.47. Details

The technical summary data is suggesting a short of EGP if it tests 178.95 with a downside target of 175.92. We should have a stop loss in place at 179.47 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, 178.95, 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 EGP

• Buy EGP slightly over 178.95, target 180.74, Stop Loss @ 178.53 Details

If 178.95 begins to break higher, the technical summary data tells us to buy EGP just slightly over 178.95, with an upside target of 180.74. The data also tells us to set a stop loss @ 178.53 in case the stock turns against the trade. 178.95 is the first level of resistance above 178.58, and by rule, any break above resistance is a buy signal. In this case, 178.95, 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 EGP slightly near 178.95, target 177.03, Stop Loss @ 179.37. Details

The technical summary data is suggesting a short of EGP if it tests 178.95 with a downside target of 177.03. We should have a stop loss in place at 179.37 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, 178.95, 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 Eastgroup Properties Inc. (EGP) available here: EGP.

EGP Ratings for March 01:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	171.38
P2	175.32	175.92	180.74
P3	177.03	178.95	189.85

AI Generated Signals for EGP

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