Learn to Evaluate (GMS) using the Charts
July 22, 2024, 00:52 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GMS
- Buy GMS slightly over 84.82 target 95.56 stop loss @ 84.58 Details
The technical summary data tells us to buy GMS near 84.82 with an upside target of 95.56. This data also tells us to set a stop loss @ 84.58 to protect against excessive loss in case the stock begins to move against the trade. 84.82 is the first level of support below 90.32 , and by rule, any test of support is a buy signal. In this case, support 84.82 would be being tested, so a buy signal would exist.
- Short GMS slightly under 95.56, target 84.82, stop loss @ 95.84 Details
The technical summary data is suggesting a short of GMS as it gets near 95.56 with a downside target of 84.82. We should have a stop loss in place at 95.84though. 95.56 is the first level of resistance above 90.32, and by rule, any test of resistance is a short signal. In this case, if resistance 95.56 is being tested, so a short signal would exist.
Swing Trading Plans for GMS
- Buy GMS slightly over 91.38, target 95.56, Stop Loss @ 91.12 Details
If 91.38 begins to break higher, the technical summary data tells us to buy GMS just slightly over 91.38, with an upside target of 95.56. The data also tells us to set a stop loss @ 91.12 in case the stock turns against the trade. 91.38 is the first level of resistance above 90.32, and by rule, any break above resistance is a buy signal. In this case, 91.38, 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 GMS slightly near 91.38, target 84.82, Stop Loss @ 91.64. Details
The technical summary data is suggesting a short of GMS if it tests 91.38 with a downside target of 84.82. We should have a stop loss in place at 91.64 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, 91.38, 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 GMS
- Buy GMS slightly over 91.38, target 92.97, Stop Loss @ 91.17 Details
If 91.38 begins to break higher, the technical summary data tells us to buy GMS just slightly over 91.38, with an upside target of 92.97. The data also tells us to set a stop loss @ 91.17 in case the stock turns against the trade. 91.38 is the first level of resistance above 90.32, and by rule, any break above resistance is a buy signal. In this case, 91.38, 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 GMS slightly near 91.38, target 90.07, Stop Loss @ 91.59. Details
The technical summary data is suggesting a short of GMS if it tests 91.38 with a downside target of 90.07. We should have a stop loss in place at 91.59 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, 91.38, 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 Gms Inc. (GMS) available here: GMS.
GMS Ratings for July 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
84.82 |
| P2 |
90.07 |
91.38 |
95.56 |
| P3 |
92.97 |
96.14 |
106.17 |
AI Generated Signals for GMS
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Gms Inc. (NYSE: GMS) report below can help you understand how to do this. The trading plans for GMS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GMS:
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