Trading Emcor Group $EME With Integrated Risk Controls

September 17, 2023, 04:15 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EME

• Buy EME slightly over 203.13 target 218.62 stop loss @ 202.54 Details

The technical summary data tells us to buy EME near 203.13 with an upside target of 218.62. This data also tells us to set a stop loss @ 202.54 to protect against excessive loss in case the stock begins to move against the trade. 203.13 is the first level of support below 212.86 , and by rule, any test of support is a buy signal. In this case, support 203.13 is being tested, a buy signal would exist.

• Short EME slightly under 218.62, target 203.13, stop loss @ 219.25 Details

The technical summary data is suggesting a short of EME as it gets near 218.62 with a downside target of 203.13. We should have a stop loss in place at 219.25though. 218.62 is the first level of resistance above 212.86, and by rule, any test of resistance is a short signal. In this case, if resistance 218.62 is being tested, a short signal would exist.

Swing Trading Plans for EME

• Buy EME slightly over 218.62, target 219.09, Stop Loss @ 217.99 Details

If 218.62 begins to break higher, the technical summary data tells us to buy EME just slightly over 218.62, with an upside target of 219.09. The data also tells us to set a stop loss @ 217.99 in case the stock turns against the trade. 218.62 is the first level of resistance above 212.86, and by rule, any break above resistance is a buy signal. In this case, 218.62, 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 EME slightly near 218.62, target 203.13, Stop Loss @ 219.25. Details

The technical summary data is suggesting a short of EME if it tests 218.62 with a downside target of 203.13. We should have a stop loss in place at 219.25 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, 218.62, 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 EME

• Buy EME slightly over 217.55, target 218.62, Stop Loss @ 217.04 Details

If 217.55 begins to break higher, the technical summary data tells us to buy EME just slightly over 217.55, with an upside target of 218.62. The data also tells us to set a stop loss @ 217.04 in case the stock turns against the trade. 217.55 is the first level of resistance above 212.86, and by rule, any break above resistance is a buy signal. In this case, 217.55, 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 EME slightly near 217.55, target 203.13, Stop Loss @ 218.06. Details

The technical summary data is suggesting a short of EME if it tests 217.55 with a downside target of 203.13. We should have a stop loss in place at 218.06 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, 217.55, 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 Emcor Group (EME) available here: EME.

EME Ratings for September 17:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	187.82
P2	217.55	219.09	203.13
P3	222.98	225.75	218.62

AI Generated Signals for EME

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