When the Price of Thermo Fisher Scientific $TMO Talks, People Listen

March 12, 2023, 17:15 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TMO

• Buy TMO slightly over 503.63 target 547.46 stop loss @ 502.18 Details

The technical summary data tells us to buy TMO near 503.63 with an upside target of 547.46. This data also tells us to set a stop loss @ 502.18 to protect against excessive loss in case the stock begins to move against the trade. 503.63 is the first level of support below 543.83 , and by rule, any test of support is a buy signal. In this case, support 503.63 would be being tested, so a buy signal would exist.

• Short TMO slightly under 547.46, target 503.63, stop loss @ 549.04 Details

The technical summary data is suggesting a short of TMO as it gets near 547.46 with a downside target of 503.63. We should have a stop loss in place at 549.04though. 547.46 is the first level of resistance above 543.83, and by rule, any test of resistance is a short signal. In this case, if resistance 547.46 is being tested, so a short signal would exist.

Swing Trading Plans for TMO

• Buy TMO slightly over 546.22, target 547.46, Stop Loss @ 544.64 Details

If 546.22 begins to break higher, the technical summary data tells us to buy TMO just slightly over 546.22, with an upside target of 547.46. The data also tells us to set a stop loss @ 544.64 in case the stock turns against the trade. 546.22 is the first level of resistance above 543.83, and by rule, any break above resistance is a buy signal. In this case, 546.22, 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 TMO slightly near 546.22, target 503.63, Stop Loss @ 547.8. Details

The technical summary data is suggesting a short of TMO if it tests 546.22 with a downside target of 503.63. We should have a stop loss in place at 547.8 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, 546.22, 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 TMO

• Buy TMO slightly over 546.22, target 547.46, Stop Loss @ 544.95 Details

If 546.22 begins to break higher, the technical summary data tells us to buy TMO just slightly over 546.22, with an upside target of 547.46. The data also tells us to set a stop loss @ 544.95 in case the stock turns against the trade. 546.22 is the first level of resistance above 543.83, and by rule, any break above resistance is a buy signal. In this case, 546.22, 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 TMO slightly near 546.22, target 541.92, Stop Loss @ 547.49. Details

The technical summary data is suggesting a short of TMO if it tests 546.22 with a downside target of 541.92. We should have a stop loss in place at 547.49 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, 546.22, 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 Thermo Fisher Scientific (TMO) available here: TMO.

TMO Ratings for March 12:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	503.63
P2	541.92	546.22	547.46
P3	553.87	563.28	590.33

AI Generated Signals for TMO

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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 Thermo Fisher Scientific (NYSE: TMO) 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 TMO 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.