Trading (MHO) With Integrated Risk Controls
May 08, 2024, 11:18 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MHO
- Buy MHO slightly over 117.94 target 133.4 stop loss @ 117.6 Details
The technical summary data tells us to buy MHO near 117.94 with an upside target of 133.4. This data also tells us to set a stop loss @ 117.6 to protect against excessive loss in case the stock begins to move against the trade. 117.94 is the first level of support below 122.44 , and by rule, any test of support is a buy signal. In this case, support 117.94 would be being tested, so a buy signal would exist.
- Short MHO slightly under 133.4, target 117.94, stop loss @ 133.79 Details
The technical summary data is suggesting a short of MHO as it gets near 133.4 with a downside target of 117.94. We should have a stop loss in place at 133.79though. 133.4 is the first level of resistance above 122.44, and by rule, any test of resistance is a short signal. In this case, if resistance 133.4 is being tested, so a short signal would exist.
Swing Trading Plans for MHO
- Buy MHO slightly over 126.13, target 133.4, Stop Loss @ 125.77 Details
If 126.13 begins to break higher, the technical summary data tells us to buy MHO just slightly over 126.13, with an upside target of 133.4. The data also tells us to set a stop loss @ 125.77 in case the stock turns against the trade. 126.13 is the first level of resistance above 122.44, and by rule, any break above resistance is a buy signal. In this case, 126.13, 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 MHO slightly near 126.13, target 119.66, Stop Loss @ 126.49. Details
The technical summary data is suggesting a short of MHO if it tests 126.13 with a downside target of 119.66. We should have a stop loss in place at 126.49 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, 126.13, 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 MHO
- Buy MHO slightly over 125.15, target 126.13, Stop Loss @ 124.86 Details
If 125.15 begins to break higher, the technical summary data tells us to buy MHO just slightly over 125.15, with an upside target of 126.13. The data also tells us to set a stop loss @ 124.86 in case the stock turns against the trade. 125.15 is the first level of resistance above 122.44, and by rule, any break above resistance is a buy signal. In this case, 125.15, 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 MHO slightly near 125.15, target 119.66, Stop Loss @ 125.44. Details
The technical summary data is suggesting a short of MHO if it tests 125.15 with a downside target of 119.66. We should have a stop loss in place at 125.44 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, 125.15, 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 M/i Homes Inc. (MHO) available here: MHO.
MHO Ratings for May 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
117.94 |
| P2 |
125.15 |
119.66 |
133.4 |
| P3 |
128.24 |
126.13 |
149.41 |
AI Generated Signals for MHO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MHO:
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