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When the Price of (PEN) Talks, People Listen

Longer Term Trading Plans for PEN
  • Buy PEN slightly over 180.2 target 219.68 stop loss @ 179.68 Details
  • The technical summary data tells us to buy PEN near 180.2 with an upside target of 219.68. This data also tells us to set a stop loss @ 179.68 to protect against excessive loss in case the stock begins to move against the trade. 180.2 is the first level of support below 215 , and by rule, any test of support is a buy signal. In this case, support 180.2 would be being tested, so a buy signal would exist.

  • Short PEN slightly under 219.68, target 180.2, stop loss @ 220.31 Details
  • The technical summary data is suggesting a short of PEN as it gets near 219.68 with a downside target of 180.2. We should have a stop loss in place at 220.31though. 219.68 is the first level of resistance above 215, and by rule, any test of resistance is a short signal. In this case, if resistance 219.68 is being tested, so a short signal would exist.

Swing Trading Plans for PEN
  • Buy PEN slightly over 216.64, target 219.68, Stop Loss @ 216.01 Details
  • If 216.64 begins to break higher, the technical summary data tells us to buy PEN just slightly over 216.64, with an upside target of 219.68. The data also tells us to set a stop loss @ 216.01 in case the stock turns against the trade. 216.64 is the first level of resistance above 215, and by rule, any break above resistance is a buy signal. In this case, 216.64, 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 PEN slightly near 216.64, target 207.78, Stop Loss @ 217.27. Details
  • The technical summary data is suggesting a short of PEN if it tests 216.64 with a downside target of 207.78. We should have a stop loss in place at 217.27 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, 216.64, 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 PEN
  • Buy PEN slightly over 216.64, target 219.68, Stop Loss @ 216.13 Details
  • If 216.64 begins to break higher, the technical summary data tells us to buy PEN just slightly over 216.64, with an upside target of 219.68. The data also tells us to set a stop loss @ 216.13 in case the stock turns against the trade. 216.64 is the first level of resistance above 215, and by rule, any break above resistance is a buy signal. In this case, 216.64, 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 PEN slightly near 216.64, target 212.35, Stop Loss @ 217.15. Details
  • The technical summary data is suggesting a short of PEN if it tests 216.64 with a downside target of 212.35. We should have a stop loss in place at 217.15 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, 216.64, 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.

Real Time Updates are available on our Penumbra Inc. (PEN) Page here: PEN.

PEN Ratings for April 03:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 180.2
P2 206.48 207.78 219.68
P3 212.35 216.64 258.46
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Support and Resistance Plot Chart for PEN

PEN Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Penumbra Inc. (NYSE: PEN) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for PEN can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports