When (INSW) Moves Investors should Listen
June 22, 2024, 13:38 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INSW
- Buy INSW slightly over 58.31 target 62.32 stop loss @ 58.14 Details
The technical summary data tells us to buy INSW near 58.31 with an upside target of 62.32. This data also tells us to set a stop loss @ 58.14 to protect against excessive loss in case the stock begins to move against the trade. 58.31 is the first level of support below 59.91 , and by rule, any test of support is a buy signal. In this case, support 58.31 is being tested, a buy signal would exist.
- Short INSW slightly under 62.32, target 58.31, stop loss @ 62.5 Details
The technical summary data is suggesting a short of INSW as it gets near 62.32 with a downside target of 58.31. We should have a stop loss in place at 62.5though. 62.32 is the first level of resistance above 59.91, and by rule, any test of resistance is a short signal. In this case, if resistance 62.32 is being tested, a short signal would exist.
Swing Trading Plans for INSW
- Buy INSW slightly over 62.32, target n/a, Stop Loss @ 62.14 Details
If 62.32 begins to break higher, the technical summary data tells us to buy INSW just slightly over 62.32, with an upside target of n/a. The data also tells us to set a stop loss @ 62.14 in case the stock turns against the trade. 62.32 is the first level of resistance above 59.91, and by rule, any break above resistance is a buy signal. In this case, 62.32, 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 INSW slightly near 62.32, target 58.31, Stop Loss @ 62.5. Details
The technical summary data is suggesting a short of INSW if it tests 62.32 with a downside target of 58.31. We should have a stop loss in place at 62.5 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, 62.32, 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 INSW
- Buy INSW slightly over 62.32, target n/a, Stop Loss @ 62.17 Details
If 62.32 begins to break higher, the technical summary data tells us to buy INSW just slightly over 62.32, with an upside target of n/a. The data also tells us to set a stop loss @ 62.17 in case the stock turns against the trade. 62.32 is the first level of resistance above 59.91, and by rule, any break above resistance is a buy signal. In this case, 62.32, 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 INSW slightly near 62.32, target 58.72, Stop Loss @ 62.47. Details
The technical summary data is suggesting a short of INSW if it tests 62.32 with a downside target of 58.72. We should have a stop loss in place at 62.47 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, 62.32, 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 International Seaways Inc. (INSW) available here: INSW.
INSW Ratings for June 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
54.44 |
| P2 |
55.76 |
54.23 |
58.31 |
| P3 |
58.72 |
57.11 |
62.32 |
AI Generated Signals for INSW
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 International Seaways Inc. (NASDAQ: INSW) report below is a real world example. Included are trading plans for INSW, 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 INSW:
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