When (FNX) Moves Investors should Listen
July 21, 2024, 17:48 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FNX
- Buy FNX slightly over 112.09 target 117.84 stop loss @ 111.77 Details
The technical summary data tells us to buy FNX near 112.09 with an upside target of 117.84. This data also tells us to set a stop loss @ 111.77 to protect against excessive loss in case the stock begins to move against the trade. 112.09 is the first level of support below 112.53 , and by rule, any test of support is a buy signal. In this case, support 112.09 is being tested, a buy signal would exist.
- Short FNX slightly under 117.84, target 112.09, stop loss @ 118.18 Details
The technical summary data is suggesting a short of FNX as it gets near 117.84 with a downside target of 112.09. We should have a stop loss in place at 118.18though. 117.84 is the first level of resistance above 112.53, and by rule, any test of resistance is a short signal. In this case, if resistance 117.84 is being tested, a short signal would exist.
Swing Trading Plans for FNX
- Buy FNX slightly over 113.79, target 117.25, Stop Loss @ 113.46 Details
If 113.79 begins to break higher, the technical summary data tells us to buy FNX just slightly over 113.79, with an upside target of 117.25. The data also tells us to set a stop loss @ 113.46 in case the stock turns against the trade. 113.79 is the first level of resistance above 112.53, and by rule, any break above resistance is a buy signal. In this case, 113.79, 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 FNX slightly near 113.79, target 112.09, Stop Loss @ 114.12. Details
The technical summary data is suggesting a short of FNX if it tests 113.79 with a downside target of 112.09. We should have a stop loss in place at 114.12 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, 113.79, 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 FNX
- Buy FNX slightly over 113.79, target 114.7, Stop Loss @ 113.52 Details
If 113.79 begins to break higher, the technical summary data tells us to buy FNX just slightly over 113.79, with an upside target of 114.7. The data also tells us to set a stop loss @ 113.52 in case the stock turns against the trade. 113.79 is the first level of resistance above 112.53, and by rule, any break above resistance is a buy signal. In this case, 113.79, 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 FNX slightly near 113.79, target 112.44, Stop Loss @ 114.06. Details
The technical summary data is suggesting a short of FNX if it tests 113.79 with a downside target of 112.44. We should have a stop loss in place at 114.06 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, 113.79, 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 First Trust Mid Ca (FNX) available here: FNX.
FNX Ratings for July 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
106.04 |
| P2 |
112.44 |
113.79 |
112.09 |
| P3 |
114.7 |
117.25 |
117.84 |
AI Generated Signals for FNX
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 First Trust Mid Ca (NYSE: FNX) report below is a real world example. Included are trading plans for FNX, 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 FNX:
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