How the price action of Powershares Water Resources Portfolio (PHO) is used to our Advantage

June 25, 2021, 09:30 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Powershares Water Resources Portfolio (NYSE: PHO) data table below can help you with price action, and we have more details too. Trading plans for PHO 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.

Longer Term Trading Plans for PHO

• Buy PHO slightly over 52.29 target 53.95 stop loss @ 52.14 Details

The technical summary data tells us to buy PHO near 52.29 with an upside target of 53.95. This data also tells us to set a stop loss @ 52.14 to protect against excessive loss in case the stock begins to move against the trade. 52.29 is the first level of support below 52.93 , and by rule, any test of support is a buy signal. In this case, support 52.29 would be being tested, so a buy signal would exist.

• Short PHO under 53.95, target 52.29, stop loss @ 54.11 Details

The technical summary data is suggesting a short of PHO as it gets near 53.95 with a downside target of 52.29. We should have a stop loss in place at 54.11though. 53.95 is the first level of resistance above 52.93, and by rule, any test of resistance is a short signal. In this case, if resistance 53.95 is being tested, so a short signal would exist.

Swing Trading Plans for PHO

• Buy PHO slightly over 53.00, target 53.95, Stop Loss @ 52.85 Details

If 53.00 begins to break higher, the technical summary data tells us to buy PHO just slightly over 53.00, with an upside target of 53.95. The data also tells us to set a stop loss @ 52.85 in case the stock turns against the trade. 53.00 is the first level of resistance above 52.93, and by rule, any break above resistance is a buy signal. In this case, 53.00, 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 PHO near 53.00, target 52.29, Stop Loss @ 53.15. Details

The technical summary data is suggesting a short of PHO if it tests 53.00 with a downside target of 52.29. We should have a stop loss in place at 53.15 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, 53.00, 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 PHO

• Buy PHO slightly over 53.17, target 53.95, Stop Loss @ 53.05 Details

If 53.17 begins to break higher, the technical summary data tells us to buy PHO just slightly over 53.17, with an upside target of 53.95. The data also tells us to set a stop loss @ 53.05 in case the stock turns against the trade. 53.17 is the first level of resistance above 52.93, and by rule, any break above resistance is a buy signal. In this case, 53.17, 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 PHO near 53.17, target 52.70, Stop Loss @ 53.29. Details

The technical summary data is suggesting a short of PHO if it tests 53.17 with a downside target of 52.70. We should have a stop loss in place at 53.29 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, 53.17, 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.

PHO Ratings for June 25:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	52.29
P2	52.70	52.28	53.95
P3	53.17	53.00	55.65

Support and Resistance Plot Chart for PHO

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