Trading (RUT) With Integrated Risk Controls

June 18, 2024, 14:20 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RUT

• Buy RUT slightly over 1934.31 target 2059.73 stop loss @ 1928.72 Details

The technical summary data tells us to buy RUT near 1934.31 with an upside target of 2059.73. This data also tells us to set a stop loss @ 1928.72 to protect against excessive loss in case the stock begins to move against the trade. 1934.31 is the first level of support below 2027.69 , and by rule, any test of support is a buy signal. In this case, support 1934.31 would be being tested, so a buy signal would exist.

• Short RUT slightly under 2059.73, target 1934.31, stop loss @ 2065.68 Details

The technical summary data is suggesting a short of RUT as it gets near 2059.73 with a downside target of 1934.31. We should have a stop loss in place at 2065.68though. 2059.73 is the first level of resistance above 2027.69, and by rule, any test of resistance is a short signal. In this case, if resistance 2059.73 is being tested, so a short signal would exist.

Swing Trading Plans for RUT

• Buy RUT slightly over 2036.96, target 2059.73, Stop Loss @ 2031.08 Details

If 2036.96 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2036.96, with an upside target of 2059.73. The data also tells us to set a stop loss @ 2031.08 in case the stock turns against the trade. 2036.96 is the first level of resistance above 2027.69, and by rule, any break above resistance is a buy signal. In this case, 2036.96, 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 RUT slightly near 2036.96, target 1996.14, Stop Loss @ 2042.84. Details

The technical summary data is suggesting a short of RUT if it tests 2036.96 with a downside target of 1996.14. We should have a stop loss in place at 2042.84 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, 2036.96, 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 RUT

• Buy RUT slightly over 2031.63, target 2036.96, Stop Loss @ 2026.89 Details

If 2031.63 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2031.63, with an upside target of 2036.96. The data also tells us to set a stop loss @ 2026.89 in case the stock turns against the trade. 2031.63 is the first level of resistance above 2027.69, and by rule, any break above resistance is a buy signal. In this case, 2031.63, 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 RUT slightly near 2031.63, target 1996.14, Stop Loss @ 2036.37. Details

The technical summary data is suggesting a short of RUT if it tests 2031.63 with a downside target of 1996.14. We should have a stop loss in place at 2036.37 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, 2031.63, 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 Russell 2000 (RUT) available here: RUT.

RUT Ratings for June 18:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	1934.31
P2	1982.71	1996.14	2059.73
P3	2031.63	2036.96	2179.87

AI Generated Signals for RUT

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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 Russell 2000 (NYSE: RUT) report below can help you, but we have more details too. The trading plans for RUT, 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.