When the Price of (IEX) Talks, People Listen

January 15, 2024, 23:08 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IEX

• Buy IEX slightly over 202.46 target 214 stop loss @ 201.88 Details

The technical summary data tells us to buy IEX near 202.46 with an upside target of 214. This data also tells us to set a stop loss @ 201.88 to protect against excessive loss in case the stock begins to move against the trade. 202.46 is the first level of support below 206.91 , and by rule, any test of support is a buy signal. In this case, support 202.46 is being tested, a buy signal would exist.

• Short IEX slightly under 214, target 202.46, stop loss @ 214.62 Details

The technical summary data is suggesting a short of IEX as it gets near 214 with a downside target of 202.46. We should have a stop loss in place at 214.62though. 214 is the first level of resistance above 206.91, and by rule, any test of resistance is a short signal. In this case, if resistance 214 is being tested, a short signal would exist.

Swing Trading Plans for IEX

• Buy IEX slightly over 207.66, target 214, Stop Loss @ 207.06 Details

If 207.66 begins to break higher, the technical summary data tells us to buy IEX just slightly over 207.66, with an upside target of 214. The data also tells us to set a stop loss @ 207.06 in case the stock turns against the trade. 207.66 is the first level of resistance above 206.91, and by rule, any break above resistance is a buy signal. In this case, 207.66, 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 IEX slightly near 207.66, target 204.61, Stop Loss @ 208.26. Details

The technical summary data is suggesting a short of IEX if it tests 207.66 with a downside target of 204.61. We should have a stop loss in place at 208.26 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, 207.66, 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 IEX

• Buy IEX slightly over 207.66, target 208, Stop Loss @ 207.18 Details

If 207.66 begins to break higher, the technical summary data tells us to buy IEX just slightly over 207.66, with an upside target of 208. The data also tells us to set a stop loss @ 207.18 in case the stock turns against the trade. 207.66 is the first level of resistance above 206.91, and by rule, any break above resistance is a buy signal. In this case, 207.66, 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 IEX slightly near 207.66, target 206.12, Stop Loss @ 208.14. Details

The technical summary data is suggesting a short of IEX if it tests 207.66 with a downside target of 206.12. We should have a stop loss in place at 208.14 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, 207.66, 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 Idex Corporation (IEX) available here: IEX.

IEX Ratings for January 15:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	190.1
P2	206.12	204.61	202.46
P3	208	207.66	214

AI Generated Signals for IEX

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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 Idex Corporation (NYSE: IEX) 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 IEX 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.