When (EHC) Moves Investors should Listen
December 24, 2024, 13:24 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EHC
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short EHC slightly under 96.8, target n/a, stop loss @ 97.08 Details
The technical summary data is suggesting a short of EHC as it gets near 96.8, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 97.08. 96.8 is the first level of resistance above 94.17, and by rule, any test of resistance is a short signal. In this case, if resistance 96.8 is being tested, so a short signal would exist.
Swing Trading Plans for EHC
- Buy EHC slightly over 94.18, target 96.8, Stop Loss @ 93.91 Details
If 94.18 begins to break higher, the technical summary data tells us to buy EHC just slightly over 94.18, with an upside target of 96.8. The data also tells us to set a stop loss @ 93.91 in case the stock turns against the trade. 94.18 is the first level of resistance above 94.17, and by rule, any break above resistance is a buy signal. In this case, 94.18, 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 EHC slightly near 94.18, target 92.12, Stop Loss @ 94.45. Details
The technical summary data is suggesting a short of EHC if it tests 94.18 with a downside target of 92.12. We should have a stop loss in place at 94.45 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, 94.18, 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 EHC
- Buy EHC slightly over 94.18, target 96.8, Stop Loss @ 93.96 Details
If 94.18 begins to break higher, the technical summary data tells us to buy EHC just slightly over 94.18, with an upside target of 96.8. The data also tells us to set a stop loss @ 93.96 in case the stock turns against the trade. 94.18 is the first level of resistance above 94.17, and by rule, any break above resistance is a buy signal. In this case, 94.18, 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 EHC slightly near 94.18, target 93.81, Stop Loss @ 94.4. Details
The technical summary data is suggesting a short of EHC if it tests 94.18 with a downside target of 93.81. We should have a stop loss in place at 94.4 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, 94.18, 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 Encompass Health Corporation (EHC) available here: EHC.
EHC Ratings for December 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
96.8 |
| P2 |
92.66 |
92.12 |
101.46 |
| P3 |
93.81 |
94.18 |
106.22 |
AI Generated Signals for EHC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Encompass Health Corporation (NYSE: EHC) report below is a real world example. Included are trading plans for EHC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EHC:
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