Trading (MEDP) With Integrated Risk Controls

July 03, 2024, 02:14 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MEDP

• Buy MEDP slightly over 379.08 target 418.44 stop loss @ 377.99 Details

The technical summary data tells us to buy MEDP near 379.08 with an upside target of 418.44. This data also tells us to set a stop loss @ 377.99 to protect against excessive loss in case the stock begins to move against the trade. 379.08 is the first level of support below 404.42 , and by rule, any test of support is a buy signal. In this case, support 379.08 would be being tested, so a buy signal would exist.

• Short MEDP slightly under 418.44, target 379.08, stop loss @ 419.65 Details

The technical summary data is suggesting a short of MEDP as it gets near 418.44 with a downside target of 379.08. We should have a stop loss in place at 419.65though. 418.44 is the first level of resistance above 404.42, and by rule, any test of resistance is a short signal. In this case, if resistance 418.44 is being tested, so a short signal would exist.

Swing Trading Plans for MEDP

• Buy MEDP slightly over 409.58, target 418.44, Stop Loss @ 408.4 Details

If 409.58 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 409.58, with an upside target of 418.44. The data also tells us to set a stop loss @ 408.4 in case the stock turns against the trade. 409.58 is the first level of resistance above 404.42, and by rule, any break above resistance is a buy signal. In this case, 409.58, 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 MEDP slightly near 409.58, target 379.08, Stop Loss @ 410.76. Details

The technical summary data is suggesting a short of MEDP if it tests 409.58 with a downside target of 379.08. We should have a stop loss in place at 410.76 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, 409.58, 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 MEDP

• Buy MEDP slightly over 409.58, target 417.79, Stop Loss @ 408.62 Details

If 409.58 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 409.58, with an upside target of 417.79. The data also tells us to set a stop loss @ 408.62 in case the stock turns against the trade. 409.58 is the first level of resistance above 404.42, and by rule, any break above resistance is a buy signal. In this case, 409.58, 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 MEDP slightly near 409.58, target 402.81, Stop Loss @ 410.54. Details

The technical summary data is suggesting a short of MEDP if it tests 409.58 with a downside target of 402.81. We should have a stop loss in place at 410.54 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, 409.58, 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 Medpace Holdings Inc. (MEDP) available here: MEDP.

MEDP Ratings for July 03:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	379.08
P2	402.81	409.58	418.44
P3	417.79	424.48	458.11

AI Generated Signals for MEDP

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