How the (MBUU) price action is used to our Advantage
April 03, 2024, 04:50 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MBUU
- Buy MBUU slightly over 38.54 target 43.75 stop loss @ 38.43 Details
The technical summary data tells us to buy MBUU near 38.54 with an upside target of 43.75. This data also tells us to set a stop loss @ 38.43 to protect against excessive loss in case the stock begins to move against the trade. 38.54 is the first level of support below 42.68 , and by rule, any test of support is a buy signal. In this case, support 38.54 would be being tested, so a buy signal would exist.
- Short MBUU slightly under 43.75, target 38.54, stop loss @ 43.88 Details
The technical summary data is suggesting a short of MBUU as it gets near 43.75 with a downside target of 38.54. We should have a stop loss in place at 43.88though. 43.75 is the first level of resistance above 42.68, and by rule, any test of resistance is a short signal. In this case, if resistance 43.75 is being tested, so a short signal would exist.
Swing Trading Plans for MBUU
- Buy MBUU slightly over 43.92, target 49.03, Stop Loss @ 43.79 Details
If 43.92 begins to break higher, the technical summary data tells us to buy MBUU just slightly over 43.92, with an upside target of 49.03. The data also tells us to set a stop loss @ 43.79 in case the stock turns against the trade. 43.92 is the first level of resistance above 42.68, and by rule, any break above resistance is a buy signal. In this case, 43.92, 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 MBUU slightly near 43.92, target 42.57, Stop Loss @ 44.05. Details
The technical summary data is suggesting a short of MBUU if it tests 43.92 with a downside target of 42.57. We should have a stop loss in place at 44.05 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, 43.92, 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 MBUU
- Buy MBUU slightly over 42.98, target 43.92, Stop Loss @ 42.88 Details
If 42.98 begins to break higher, the technical summary data tells us to buy MBUU just slightly over 42.98, with an upside target of 43.92. The data also tells us to set a stop loss @ 42.88 in case the stock turns against the trade. 42.98 is the first level of resistance above 42.68, and by rule, any break above resistance is a buy signal. In this case, 42.98, 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 MBUU slightly near 42.98, target 42.57, Stop Loss @ 43.08. Details
The technical summary data is suggesting a short of MBUU if it tests 42.98 with a downside target of 42.57. We should have a stop loss in place at 43.08 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, 42.98, 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 Malibu Boats Inc. (MBUU) available here: MBUU.
MBUU Ratings for April 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
38.54 |
| P2 |
42.98 |
42.57 |
43.75 |
| P3 |
44.4 |
43.92 |
49.03 |
AI Generated Signals for MBUU
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Malibu Boats Inc. (NASDAQ: MBUU) data table below can help you with price action, and we have more details too. Trading plans for MBUU are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MBUU:
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