How the (IJT) price action is used to our Advantage
August 01, 2024, 12:38 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IJT
- Buy IJT slightly over 134.47 target 140.96 stop loss @ 134.08 Details
The technical summary data tells us to buy IJT near 134.47 with an upside target of 140.96. This data also tells us to set a stop loss @ 134.08 to protect against excessive loss in case the stock begins to move against the trade. 134.47 is the first level of support below 137.22 , and by rule, any test of support is a buy signal. In this case, support 134.47 is being tested, a buy signal would exist.
- Short IJT slightly under 140.96, target 134.47, stop loss @ 141.37 Details
The technical summary data is suggesting a short of IJT as it gets near 140.96 with a downside target of 134.47. We should have a stop loss in place at 141.37though. 140.96 is the first level of resistance above 137.22, and by rule, any test of resistance is a short signal. In this case, if resistance 140.96 is being tested, a short signal would exist.
Swing Trading Plans for IJT
- Buy IJT slightly over 138.84, target 140.96, Stop Loss @ 138.44 Details
If 138.84 begins to break higher, the technical summary data tells us to buy IJT just slightly over 138.84, with an upside target of 140.96. The data also tells us to set a stop loss @ 138.44 in case the stock turns against the trade. 138.84 is the first level of resistance above 137.22, and by rule, any break above resistance is a buy signal. In this case, 138.84, 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 IJT slightly near 138.84, target 134.47, Stop Loss @ 139.24. Details
The technical summary data is suggesting a short of IJT if it tests 138.84 with a downside target of 134.47. We should have a stop loss in place at 139.24 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, 138.84, 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 IJT
- Buy IJT slightly over 138.84, target 140.96, Stop Loss @ 138.52 Details
If 138.84 begins to break higher, the technical summary data tells us to buy IJT just slightly over 138.84, with an upside target of 140.96. The data also tells us to set a stop loss @ 138.52 in case the stock turns against the trade. 138.84 is the first level of resistance above 137.22, and by rule, any break above resistance is a buy signal. In this case, 138.84, 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 IJT slightly near 138.84, target 134.47, Stop Loss @ 139.16. Details
The technical summary data is suggesting a short of IJT if it tests 138.84 with a downside target of 134.47. We should have a stop loss in place at 139.16 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, 138.84, 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 Ijtishares S&p Small-cap 600 Growth Etf (IJT) available here: IJT.
IJT Ratings for August 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
127.88 |
| P2 |
140.86 |
138.84 |
134.47 |
| P3 |
142.49 |
142.15 |
140.96 |
AI Generated Signals for IJT
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 Ijtishares S&p Small-cap 600 Growth Etf (NYSE: IJT) data table below can help you with price action, and we have more details too. Trading plans for IJT 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 IJT:
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