Trading Surmodics $SRDX With Integrated Risk Controls
October 29, 2023, 20:45 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SRDX
- Buy SRDX slightly over 21.81 target 29.21 stop loss @ 21.75 Details
The technical summary data tells us to buy SRDX near 21.81 with an upside target of 29.21. This data also tells us to set a stop loss @ 21.75 to protect against excessive loss in case the stock begins to move against the trade. 21.81 is the first level of support below 28.6 , and by rule, any test of support is a buy signal. In this case, support 21.81 would be being tested, so a buy signal would exist.
- Short SRDX slightly under 29.21, target 21.81, stop loss @ 29.29 Details
The technical summary data is suggesting a short of SRDX as it gets near 29.21 with a downside target of 21.81. We should have a stop loss in place at 29.29though. 29.21 is the first level of resistance above 28.6, and by rule, any test of resistance is a short signal. In this case, if resistance 29.21 is being tested, so a short signal would exist.
Swing Trading Plans for SRDX
- Buy SRDX slightly over 29.21, target 37.00, Stop Loss @ 29.13 Details
If 29.21 begins to break higher, the technical summary data tells us to buy SRDX just slightly over 29.21, with an upside target of 37.00. The data also tells us to set a stop loss @ 29.13 in case the stock turns against the trade. 29.21 is the first level of resistance above 28.6, and by rule, any break above resistance is a buy signal. In this case, 29.21, 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 SRDX slightly near 29.21, target 28.05, Stop Loss @ 29.29. Details
The technical summary data is suggesting a short of SRDX if it tests 29.21 with a downside target of 28.05. We should have a stop loss in place at 29.29 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, 29.21, 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 SRDX
- Buy SRDX slightly over 29.21, target 37.00, Stop Loss @ 29.14 Details
If 29.21 begins to break higher, the technical summary data tells us to buy SRDX just slightly over 29.21, with an upside target of 37.00. The data also tells us to set a stop loss @ 29.14 in case the stock turns against the trade. 29.21 is the first level of resistance above 28.6, and by rule, any break above resistance is a buy signal. In this case, 29.21, 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 SRDX slightly near 29.21, target 28.23, Stop Loss @ 29.28. Details
The technical summary data is suggesting a short of SRDX if it tests 29.21 with a downside target of 28.23. We should have a stop loss in place at 29.28 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, 29.21, 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 Surmodics (SRDX) available here: SRDX.
SRDX Ratings for October 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
21.81 |
| P2 |
28.23 |
28.05 |
29.21 |
| P3 |
29.17 |
29.06 |
37.00 |
AI Generated Signals for SRDX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SRDX:
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