Trading (PFD) With Integrated Risk Controls
May 23, 2024, 07:34 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PFD
- Buy PFD slightly over 10.18 target 10.71 stop loss @ 10.15 Details
The technical summary data tells us to buy PFD near 10.18 with an upside target of 10.71. This data also tells us to set a stop loss @ 10.15 to protect against excessive loss in case the stock begins to move against the trade. 10.18 is the first level of support below 10.285 , and by rule, any test of support is a buy signal. In this case, support 10.18 is being tested, a buy signal would exist.
- Short PFD slightly under 10.71, target 10.18, stop loss @ 10.74 Details
The technical summary data is suggesting a short of PFD as it gets near 10.71 with a downside target of 10.18. We should have a stop loss in place at 10.74though. 10.71 is the first level of resistance above 10.285, and by rule, any test of resistance is a short signal. In this case, if resistance 10.71 is being tested, a short signal would exist.
Swing Trading Plans for PFD
- Buy PFD slightly over 10.36, target n/a, Stop Loss @ 10.33 Details
If 10.36 begins to break higher, the technical summary data tells us to buy PFD just slightly over 10.36, with an upside target of n/a. The data also tells us to set a stop loss @ 10.33 in case the stock turns against the trade. 10.36 is the first level of resistance above 10.285, and by rule, any break above resistance is a buy signal. In this case, 10.36, 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 PFD slightly near 10.36, target 9.63, Stop Loss @ 10.39. Details
The technical summary data is suggesting a short of PFD if it tests 10.36 with a downside target of 9.63. We should have a stop loss in place at 10.39 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, 10.36, 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 PFD
- Buy PFD slightly over 10.36, target 10.71, Stop Loss @ 10.34 Details
If 10.36 begins to break higher, the technical summary data tells us to buy PFD just slightly over 10.36, with an upside target of 10.71. The data also tells us to set a stop loss @ 10.34 in case the stock turns against the trade. 10.36 is the first level of resistance above 10.285, and by rule, any break above resistance is a buy signal. In this case, 10.36, 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 PFD slightly near 10.36, target 9.63, Stop Loss @ 10.38. Details
The technical summary data is suggesting a short of PFD if it tests 10.36 with a downside target of 9.63. We should have a stop loss in place at 10.38 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, 10.36, 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 Flaherty & Crumrine Preferred And Income Fund Incorporated (PFD) available here: PFD.
PFD Ratings for May 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
9.63 |
| P2 |
10.34 |
10.36 |
10.18 |
| P3 |
0 |
|
10.71 |
AI Generated Signals for PFD
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Flaherty & Crumrine Preferred And Income Fund Incorporated (NYSE: PFD) report below can help you, but we have more details too. The trading plans for PFD, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for PFD:
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