Trading (RBC) With Integrated Risk Controls

November 03, 2024, 21:30 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RBC

• Buy RBC near 271.74 target 291.83 stop loss @ 270.96 Details

The technical summary data tells us to buy RBC near 271.74 with an upside target of 291.83. This data also tells us to set a stop loss @ 270.96 to protect against excessive loss in case the stock begins to move against the trade. 271.74 is the first level of support below 285.3 , and by rule, any test of support is a buy signal. In this case, support 271.74 would be being tested, so a buy signal would exist.

• Short RBC slightly under 291.83, target 271.74, stop loss @ 292.67 Details

The technical summary data is suggesting a short of RBC as it gets near 291.83 with a downside target of 271.74. We should have a stop loss in place at 292.67though. 291.83 is the first level of resistance above 285.3, and by rule, any test of resistance is a short signal. In this case, if resistance 291.83 is being tested, so a short signal would exist.

Swing Trading Plans for RBC

• Buy RBC slightly over 288.37, target 291.83, Stop Loss @ 287.54 Details

If 288.37 begins to break higher, the technical summary data tells us to buy RBC just slightly over 288.37, with an upside target of 291.83. The data also tells us to set a stop loss @ 287.54 in case the stock turns against the trade. 288.37 is the first level of resistance above 285.3, and by rule, any break above resistance is a buy signal. In this case, 288.37, 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 RBC slightly near 288.37, target 281.68, Stop Loss @ 289.2. Details

The technical summary data is suggesting a short of RBC if it tests 288.37 with a downside target of 281.68. We should have a stop loss in place at 289.2 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, 288.37, 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 RBC

• Buy RBC slightly over 288.37, target 291.83, Stop Loss @ 287.7 Details

If 288.37 begins to break higher, the technical summary data tells us to buy RBC just slightly over 288.37, with an upside target of 291.83. The data also tells us to set a stop loss @ 287.7 in case the stock turns against the trade. 288.37 is the first level of resistance above 285.3, and by rule, any break above resistance is a buy signal. In this case, 288.37, 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 RBC slightly near 288.37, target 284.04, Stop Loss @ 289.04. Details

The technical summary data is suggesting a short of RBC if it tests 288.37 with a downside target of 284.04. We should have a stop loss in place at 289.04 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, 288.37, 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 Rbc Bearings Incorporated (RBC) available here: RBC.

RBC Ratings for November 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	271.74
P2	280.22	281.68	291.83
P3	284.04	288.37	311.39

AI Generated Signals for RBC

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