Polaris Inc PII Trading Report

July 14, 2021, 18:30 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Polaris Inc (NYSE: PII) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PII change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PII is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PII too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for PII

• Buy PII slightly over 124.39 target 137.71 stop loss @ 124.03 Details

The technical summary data tells us to buy PII near 124.39 with an upside target of 137.71. This data also tells us to set a stop loss @ 124.03 to protect against excessive loss in case the stock begins to move against the trade. 124.39 is the first level of support below 130.95 , and by rule, any test of support is a buy signal. In this case, support 124.39 would be being tested, so a buy signal would exist.

• Short PII under 137.71, target 124.39, stop loss @ 138.11 Details

The technical summary data is suggesting a short of PII as it gets near 137.71 with a downside target of 124.39. We should have a stop loss in place at 138.11though. 137.71 is the first level of resistance above 130.95, and by rule, any test of resistance is a short signal. In this case, if resistance 137.71 is being tested, so a short signal would exist.

Swing Trading Plans for PII

• Buy PII slightly over 131.26, target 134.81, Stop Loss @ 130.88 Details

If 131.26 begins to break higher, the technical summary data tells us to buy PII just slightly over 131.26, with an upside target of 134.81. The data also tells us to set a stop loss @ 130.88 in case the stock turns against the trade. 131.26 is the first level of resistance above 130.95, and by rule, any break above resistance is a buy signal. In this case, 131.26, 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 PII near 131.26, target 124.39, Stop Loss @ 131.64. Details

The technical summary data is suggesting a short of PII if it tests 131.26 with a downside target of 124.39. We should have a stop loss in place at 131.64 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, 131.26, 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 PII

• Buy PII slightly over 131.26, target 133.16, Stop Loss @ 130.95 Details

If 131.26 begins to break higher, the technical summary data tells us to buy PII just slightly over 131.26, with an upside target of 133.16. The data also tells us to set a stop loss @ 130.95 in case the stock turns against the trade. 131.26 is the first level of resistance above 130.95, and by rule, any break above resistance is a buy signal. In this case, 131.26, 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 PII near 131.26, target 129.84, Stop Loss @ 131.57. Details

The technical summary data is suggesting a short of PII if it tests 131.26 with a downside target of 129.84. We should have a stop loss in place at 131.57 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, 131.26, 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.

PII Ratings for July 14:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	124.39
P2	129.84	131.26	137.71
P3	133.16	134.81	151.32

Support and Resistance Plot Chart for PII

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