When (ITT) Moves Investors should Listen
April 08, 2024, 21:24 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ITT
- Buy ITT slightly over 129.68 target 136.17 stop loss @ 129.31 Details
The technical summary data tells us to buy ITT near 129.68 with an upside target of 136.17. This data also tells us to set a stop loss @ 129.31 to protect against excessive loss in case the stock begins to move against the trade. 129.68 is the first level of support below 132.91 , and by rule, any test of support is a buy signal. In this case, support 129.68 is being tested, a buy signal would exist.
- Short ITT slightly under 136.17, target 129.68, stop loss @ 136.56 Details
The technical summary data is suggesting a short of ITT as it gets near 136.17 with a downside target of 129.68. We should have a stop loss in place at 136.56though. 136.17 is the first level of resistance above 132.91, and by rule, any test of resistance is a short signal. In this case, if resistance 136.17 is being tested, a short signal would exist.
Swing Trading Plans for ITT
- Buy ITT slightly over 134.67, target 136.17, Stop Loss @ 134.28 Details
If 134.67 begins to break higher, the technical summary data tells us to buy ITT just slightly over 134.67, with an upside target of 136.17. The data also tells us to set a stop loss @ 134.28 in case the stock turns against the trade. 134.67 is the first level of resistance above 132.91, and by rule, any break above resistance is a buy signal. In this case, 134.67, 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 ITT slightly near 134.67, target 130.95, Stop Loss @ 135.06. Details
The technical summary data is suggesting a short of ITT if it tests 134.67 with a downside target of 130.95. We should have a stop loss in place at 135.06 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, 134.67, 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 ITT
- Buy ITT slightly over 134.39, target 134.67, Stop Loss @ 134.08 Details
If 134.39 begins to break higher, the technical summary data tells us to buy ITT just slightly over 134.39, with an upside target of 134.67. The data also tells us to set a stop loss @ 134.08 in case the stock turns against the trade. 134.39 is the first level of resistance above 132.91, and by rule, any break above resistance is a buy signal. In this case, 134.39, 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 ITT slightly near 134.39, target 132.5, Stop Loss @ 134.7. Details
The technical summary data is suggesting a short of ITT if it tests 134.39 with a downside target of 132.5. We should have a stop loss in place at 134.7 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, 134.39, 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 Itt Inc. (ITT) available here: ITT.
ITT Ratings for April 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
122.77 |
| P2 |
132.5 |
130.95 |
129.68 |
| P3 |
134.39 |
134.67 |
136.17 |
AI Generated Signals for ITT
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 Itt Inc. (NYSE: ITT) report below is a real world example. Included are trading plans for ITT, 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 ITT:
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