Learn to Evaluate Proshares Ultra Health Care ($RXL) using the Charts
June 26, 2023, 21:15 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RXL
- Buy RXL slightly over 80.81 target 87.50 stop loss @ 80.58 Details
The technical summary data tells us to buy RXL near 80.81 with an upside target of 87.50. This data also tells us to set a stop loss @ 80.58 to protect against excessive loss in case the stock begins to move against the trade. 80.81 is the first level of support below 87.1121 , and by rule, any test of support is a buy signal. In this case, support 80.81 would be being tested, so a buy signal would exist.
- Short RXL slightly under 87.50, target 80.81, stop loss @ 87.75 Details
The technical summary data is suggesting a short of RXL as it gets near 87.50 with a downside target of 80.81. We should have a stop loss in place at 87.75though. 87.50 is the first level of resistance above 87.1121, and by rule, any test of resistance is a short signal. In this case, if resistance 87.50 is being tested, so a short signal would exist.
Swing Trading Plans for RXL
- Buy RXL slightly over 87.50, target 93.67, Stop Loss @ 87.25 Details
If 87.50 begins to break higher, the technical summary data tells us to buy RXL just slightly over 87.50, with an upside target of 93.67. The data also tells us to set a stop loss @ 87.25 in case the stock turns against the trade. 87.50 is the first level of resistance above 87.1121, and by rule, any break above resistance is a buy signal. In this case, 87.50, 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 RXL slightly near 87.50, target 86.44, Stop Loss @ 87.75. Details
The technical summary data is suggesting a short of RXL if it tests 87.50 with a downside target of 86.44. We should have a stop loss in place at 87.75 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, 87.50, 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 RXL
- Buy RXL slightly over 87.50, target 93.67, Stop Loss @ 87.3 Details
If 87.50 begins to break higher, the technical summary data tells us to buy RXL just slightly over 87.50, with an upside target of 93.67. The data also tells us to set a stop loss @ 87.3 in case the stock turns against the trade. 87.50 is the first level of resistance above 87.1121, and by rule, any break above resistance is a buy signal. In this case, 87.50, 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 RXL slightly near 87.50, target 86.44, Stop Loss @ 87.7. Details
The technical summary data is suggesting a short of RXL if it tests 87.50 with a downside target of 86.44. We should have a stop loss in place at 87.7 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, 87.50, 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.
This is a snapshot. Real Time Updates are available on our RXL Page.
RXL Ratings for June 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
ERR |
0 |
80.81 |
| P2 |
|
81.15 |
87.50 |
| P3 |
0 |
86.44 |
93.67 |
Support and Resistance Plot Chart for RXL
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 Proshares Ultra Health Care (NYSE: RXL) report below can help you understand how to do this. The trading plans for RXL, 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 RXL:
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