When (MYRG) Moves Investors should Listen
April 23, 2024, 07:32 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MYRG
- Buy MYRG slightly over 155.69 target 172.77 stop loss @ 155.24 Details
The technical summary data tells us to buy MYRG near 155.69 with an upside target of 172.77. This data also tells us to set a stop loss @ 155.24 to protect against excessive loss in case the stock begins to move against the trade. 155.69 is the first level of support below 159.84 , and by rule, any test of support is a buy signal. In this case, support 155.69 is being tested, a buy signal would exist.
- Short MYRG slightly under 172.77, target 155.69, stop loss @ 173.27 Details
The technical summary data is suggesting a short of MYRG as it gets near 172.77 with a downside target of 155.69. We should have a stop loss in place at 173.27though. 172.77 is the first level of resistance above 159.84, and by rule, any test of resistance is a short signal. In this case, if resistance 172.77 is being tested, a short signal would exist.
Swing Trading Plans for MYRG
- Buy MYRG slightly over 159.95, target 172.77, Stop Loss @ 159.49 Details
If 159.95 begins to break higher, the technical summary data tells us to buy MYRG just slightly over 159.95, with an upside target of 172.77. The data also tells us to set a stop loss @ 159.49 in case the stock turns against the trade. 159.95 is the first level of resistance above 159.84, and by rule, any break above resistance is a buy signal. In this case, 159.95, 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 MYRG slightly near 159.95, target 155.69, Stop Loss @ 160.41. Details
The technical summary data is suggesting a short of MYRG if it tests 159.95 with a downside target of 155.69. We should have a stop loss in place at 160.41 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, 159.95, 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 MYRG
- Buy MYRG slightly over 159.95, target 160.34, Stop Loss @ 159.58 Details
If 159.95 begins to break higher, the technical summary data tells us to buy MYRG just slightly over 159.95, with an upside target of 160.34. The data also tells us to set a stop loss @ 159.58 in case the stock turns against the trade. 159.95 is the first level of resistance above 159.84, and by rule, any break above resistance is a buy signal. In this case, 159.95, 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 MYRG slightly near 159.95, target 157.4, Stop Loss @ 160.32. Details
The technical summary data is suggesting a short of MYRG if it tests 159.95 with a downside target of 157.4. We should have a stop loss in place at 160.32 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, 159.95, 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 Myr Group Inc. (MYRG) available here: MYRG.
MYRG Ratings for April 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
139.31 |
| P2 |
157.4 |
155.16 |
155.69 |
| P3 |
160.34 |
159.95 |
172.77 |
AI Generated Signals for MYRG
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 Myr Group Inc. (NASDAQ: MYRG) report below is a real world example. Included are trading plans for MYRG, 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 MYRG:
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