When the Price of (IGI) Talks, People Listen
October 11, 2024, 16:58 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IGI
- Buy IGI near 17.16 target 17.71 stop loss @ 17.11 Details
The technical summary data tells us to buy IGI near 17.16 with an upside target of 17.71. This data also tells us to set a stop loss @ 17.11 to protect against excessive loss in case the stock begins to move against the trade. 17.16 is the first level of support below 17.26 , and by rule, any test of support is a buy signal. In this case, support 17.16 would be being tested, so a buy signal would exist.
- Short IGI slightly under 17.71, target 17.16, stop loss @ 17.76 Details
The technical summary data is suggesting a short of IGI as it gets near 17.71 with a downside target of 17.16. We should have a stop loss in place at 17.76though. 17.71 is the first level of resistance above 17.26, and by rule, any test of resistance is a short signal. In this case, if resistance 17.71 is being tested, so a short signal would exist.
Swing Trading Plans for IGI
- Buy IGI slightly over 17.71, target 18.26, Stop Loss @ 17.66 Details
If 17.71 begins to break higher, the technical summary data tells us to buy IGI just slightly over 17.71, with an upside target of 18.26. The data also tells us to set a stop loss @ 17.66 in case the stock turns against the trade. 17.71 is the first level of resistance above 17.26, and by rule, any break above resistance is a buy signal. In this case, 17.71, 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 IGI slightly near 17.71, target 17.23, Stop Loss @ 17.76. Details
The technical summary data is suggesting a short of IGI if it tests 17.71 with a downside target of 17.23. We should have a stop loss in place at 17.76 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, 17.71, 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 IGI
- Buy IGI slightly over 17.71, target 18.26, Stop Loss @ 17.67 Details
If 17.71 begins to break higher, the technical summary data tells us to buy IGI just slightly over 17.71, with an upside target of 18.26. The data also tells us to set a stop loss @ 17.67 in case the stock turns against the trade. 17.71 is the first level of resistance above 17.26, and by rule, any break above resistance is a buy signal. In this case, 17.71, 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 IGI slightly near 17.71, target 17.23, Stop Loss @ 17.75. Details
The technical summary data is suggesting a short of IGI if it tests 17.71 with a downside target of 17.23. We should have a stop loss in place at 17.75 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, 17.71, 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 Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) available here: IGI.
IGI Ratings for October 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
17.16 |
| P2 |
17.23 |
16.89 |
17.71 |
| P3 |
0 |
17.23 |
18.26 |
AI Generated Signals for IGI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for IGI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IGI:
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