How the (RUT) price action is used to our Advantage
January 26, 2024, 11:20 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RUT
- Buy RUT slightly over 1877.12 target 1994.13 stop loss @ 1871.7 Details
The technical summary data tells us to buy RUT near 1877.12 with an upside target of 1994.13. This data also tells us to set a stop loss @ 1871.7 to protect against excessive loss in case the stock begins to move against the trade. 1877.12 is the first level of support below 1986.11 , and by rule, any test of support is a buy signal. In this case, support 1877.12 is being tested, a buy signal would exist.
- Short RUT slightly under 1994.13, target 1877.12, stop loss @ 1999.89 Details
The technical summary data is suggesting a short of RUT as it gets near 1994.13 with a downside target of 1877.12. We should have a stop loss in place at 1999.89though. 1994.13 is the first level of resistance above 1986.11, and by rule, any test of resistance is a short signal. In this case, if resistance 1994.13 is being tested, a short signal would exist.
Swing Trading Plans for RUT
- Buy RUT slightly over 1989.64, target 1994.13, Stop Loss @ 1983.89 Details
If 1989.64 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1989.64, with an upside target of 1994.13. The data also tells us to set a stop loss @ 1983.89 in case the stock turns against the trade. 1989.64 is the first level of resistance above 1986.11, and by rule, any break above resistance is a buy signal. In this case, 1989.64, 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 RUT slightly near 1989.64, target 1933.75, Stop Loss @ 1995.39. Details
The technical summary data is suggesting a short of RUT if it tests 1989.64 with a downside target of 1933.75. We should have a stop loss in place at 1995.39 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, 1989.64, 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 RUT
- Buy RUT slightly over 1989.64, target 1994.13, Stop Loss @ 1985 Details
If 1989.64 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1989.64, with an upside target of 1994.13. The data also tells us to set a stop loss @ 1985 in case the stock turns against the trade. 1989.64 is the first level of resistance above 1986.11, and by rule, any break above resistance is a buy signal. In this case, 1989.64, 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 RUT slightly near 1989.64, target 1970, Stop Loss @ 1994.28. Details
The technical summary data is suggesting a short of RUT if it tests 1989.64 with a downside target of 1970. We should have a stop loss in place at 1994.28 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, 1989.64, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Russell 2000 (RUT) available here: RUT.
RUT Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
1752.48 |
| P2 |
1970 |
1933.75 |
1877.12 |
| P3 |
2004.99 |
1989.64 |
1994.13 |
AI Generated Signals for RUT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Russell 2000 (NYSE: RUT) data table below can help you with price action, and we have more details too. Trading plans for RUT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RUT:
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