(PTC) Proactive Strategies

March 15, 2024, 01:32 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PTC

• Buy PTC slightly over 177.95 target 188.2 stop loss @ 177.44 Details

The technical summary data tells us to buy PTC near 177.95 with an upside target of 188.2. This data also tells us to set a stop loss @ 177.44 to protect against excessive loss in case the stock begins to move against the trade. 177.95 is the first level of support below 184.51 , and by rule, any test of support is a buy signal. In this case, support 177.95 is being tested, a buy signal would exist.

• Short PTC slightly under 188.2, target 177.95, stop loss @ 188.74 Details

The technical summary data is suggesting a short of PTC as it gets near 188.2 with a downside target of 177.95. We should have a stop loss in place at 188.74though. 188.2 is the first level of resistance above 184.51, and by rule, any test of resistance is a short signal. In this case, if resistance 188.2 is being tested, a short signal would exist.

Swing Trading Plans for PTC

• Buy PTC slightly over 188.2, target 189.03, Stop Loss @ 187.66 Details

If 188.2 begins to break higher, the technical summary data tells us to buy PTC just slightly over 188.2, with an upside target of 189.03. The data also tells us to set a stop loss @ 187.66 in case the stock turns against the trade. 188.2 is the first level of resistance above 184.51, and by rule, any break above resistance is a buy signal. In this case, 188.2, 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 PTC slightly near 188.2, target 183.35, Stop Loss @ 188.74. Details

The technical summary data is suggesting a short of PTC if it tests 188.2 with a downside target of 183.35. We should have a stop loss in place at 188.74 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, 188.2, 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 PTC

• Buy PTC slightly over 187.18, target 188.2, Stop Loss @ 186.74 Details

If 187.18 begins to break higher, the technical summary data tells us to buy PTC just slightly over 187.18, with an upside target of 188.2. The data also tells us to set a stop loss @ 186.74 in case the stock turns against the trade. 187.18 is the first level of resistance above 184.51, and by rule, any break above resistance is a buy signal. In this case, 187.18, 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 PTC slightly near 187.18, target 184.43, Stop Loss @ 187.62. Details

The technical summary data is suggesting a short of PTC if it tests 187.18 with a downside target of 184.43. We should have a stop loss in place at 187.62 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, 187.18, 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 Ptc Inc. (PTC) available here: PTC.

PTC Ratings for March 15:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	167.55
P2	184.43	183.35	177.95
P3	187.18	189.03	188.2

AI Generated Signals for PTC

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Don't over think it!  Trading Ptc Inc. (NYSE: PTC) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PTC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PTC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PTC too.  All of these are offered below the Summary Table.