Trading (MKTX) With Integrated Risk Controls

February 11, 2024, 04:30 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MKTX

• Buy MKTX slightly over 218.83 target 261.9 stop loss @ 218.2 Details

The technical summary data tells us to buy MKTX near 218.83 with an upside target of 261.9. This data also tells us to set a stop loss @ 218.2 to protect against excessive loss in case the stock begins to move against the trade. 218.83 is the first level of support below 223.32 , and by rule, any test of support is a buy signal. In this case, support 218.83 is being tested, a buy signal would exist.

• Short MKTX slightly under 261.9, target 218.83, stop loss @ 262.66 Details

The technical summary data is suggesting a short of MKTX as it gets near 261.9 with a downside target of 218.83. We should have a stop loss in place at 262.66though. 261.9 is the first level of resistance above 223.32, and by rule, any test of resistance is a short signal. In this case, if resistance 261.9 is being tested, a short signal would exist.

Swing Trading Plans for MKTX

• Buy MKTX slightly over 261.9, target n/a, Stop Loss @ 261.14 Details

If 261.9 begins to break higher, the technical summary data tells us to buy MKTX just slightly over 261.9, with an upside target of n/a. The data also tells us to set a stop loss @ 261.14 in case the stock turns against the trade. 261.9 is the first level of resistance above 223.32, and by rule, any break above resistance is a buy signal. In this case, 261.9, 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 MKTX slightly near 261.9, target 222.06, Stop Loss @ 262.66. Details

The technical summary data is suggesting a short of MKTX if it tests 261.9 with a downside target of 222.06. We should have a stop loss in place at 262.66 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, 261.9, 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 MKTX

• Buy MKTX slightly over 229.01, target 261.9, Stop Loss @ 228.48 Details

If 229.01 begins to break higher, the technical summary data tells us to buy MKTX just slightly over 229.01, with an upside target of 261.9. The data also tells us to set a stop loss @ 228.48 in case the stock turns against the trade. 229.01 is the first level of resistance above 223.32, and by rule, any break above resistance is a buy signal. In this case, 229.01, 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 MKTX slightly near 229.01, target 222.17, Stop Loss @ 229.54. Details

The technical summary data is suggesting a short of MKTX if it tests 229.01 with a downside target of 222.17. We should have a stop loss in place at 229.54 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, 229.01, 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 Marketaxess Holdings Inc. (MKTX) available here: MKTX.

MKTX Ratings for February 11:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	178.31
P2	222.17	191.87	218.83
P3	229.01	222.06	261.9

AI Generated Signals for MKTX

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