When (ERIE) Moves Investors should Listen

March 12, 2024, 04:56 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ERIE

• Buy ERIE slightly over 394.29 target n/a stop loss @ 393.15. Details

The technical summary data tells us to buy ERIE near 394.29, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 393.15 to protect against excessive loss in case the stock begins to move against the trade. 394.29 is the first level of support below 402.73, and by rule, any test of support is a buy signal. In this case, if support 394.29 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ERIE

• Buy ERIE slightly over 413.58, target 444.51, Stop Loss @ 412.39 Details

If 413.58 begins to break higher, the technical summary data tells us to buy ERIE just slightly over 413.58, with an upside target of 444.51. The data also tells us to set a stop loss @ 412.39 in case the stock turns against the trade. 413.58 is the first level of resistance above 402.73, and by rule, any break above resistance is a buy signal. In this case, 413.58, 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 ERIE slightly near 413.58, target 394.29, Stop Loss @ 414.77. Details

The technical summary data is suggesting a short of ERIE if it tests 413.58 with a downside target of 394.29. We should have a stop loss in place at 414.77 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, 413.58, 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 ERIE

• Buy ERIE slightly over 407.94, target 413.58, Stop Loss @ 406.99 Details

If 407.94 begins to break higher, the technical summary data tells us to buy ERIE just slightly over 407.94, with an upside target of 413.58. The data also tells us to set a stop loss @ 406.99 in case the stock turns against the trade. 407.94 is the first level of resistance above 402.73, and by rule, any break above resistance is a buy signal. In this case, 407.94, 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 ERIE slightly near 407.94, target 394.29, Stop Loss @ 408.89. Details

The technical summary data is suggesting a short of ERIE if it tests 407.94 with a downside target of 394.29. We should have a stop loss in place at 408.89 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, 407.94, 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  Erie Indemnity Company (ERIE) available here: ERIE.

ERIE Ratings for March 12:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	332.39
P2	407.94	413.58	362.65
P3	417.3	444.51	394.29

AI Generated Signals for ERIE

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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  Erie Indemnity Company (NASDAQ: ERIE) report below is a real world example. Included are trading plans for ERIE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.