When the Price of (IRTC) Talks, People Listen
April 12, 2024, 14:18 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IRTC
- Buy IRTC slightly over 100.55 target 119.62 stop loss @ 100.26 Details
The technical summary data tells us to buy IRTC near 100.55 with an upside target of 119.62. This data also tells us to set a stop loss @ 100.26 to protect against excessive loss in case the stock begins to move against the trade. 100.55 is the first level of support below 112.165 , and by rule, any test of support is a buy signal. In this case, support 100.55 is being tested, a buy signal would exist.
- Short IRTC slightly under 119.62, target 100.55, stop loss @ 119.97 Details
The technical summary data is suggesting a short of IRTC as it gets near 119.62 with a downside target of 100.55. We should have a stop loss in place at 119.97though. 119.62 is the first level of resistance above 112.165, and by rule, any test of resistance is a short signal. In this case, if resistance 119.62 is being tested, a short signal would exist.
Swing Trading Plans for IRTC
- Buy IRTC slightly over 115.03, target 119.62, Stop Loss @ 114.7 Details
If 115.03 begins to break higher, the technical summary data tells us to buy IRTC just slightly over 115.03, with an upside target of 119.62. The data also tells us to set a stop loss @ 114.7 in case the stock turns against the trade. 115.03 is the first level of resistance above 112.165, and by rule, any break above resistance is a buy signal. In this case, 115.03, 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 IRTC slightly near 115.03, target 108.14, Stop Loss @ 115.36. Details
The technical summary data is suggesting a short of IRTC if it tests 115.03 with a downside target of 108.14. We should have a stop loss in place at 115.36 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, 115.03, 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 IRTC
- Buy IRTC slightly over 113.33, target 115.03, Stop Loss @ 113.07 Details
If 113.33 begins to break higher, the technical summary data tells us to buy IRTC just slightly over 113.33, with an upside target of 115.03. The data also tells us to set a stop loss @ 113.07 in case the stock turns against the trade. 113.33 is the first level of resistance above 112.165, and by rule, any break above resistance is a buy signal. In this case, 113.33, 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 IRTC slightly near 113.33, target 108.14, Stop Loss @ 113.59. Details
The technical summary data is suggesting a short of IRTC if it tests 113.33 with a downside target of 108.14. We should have a stop loss in place at 113.59 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, 113.33, 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 Irhythm Technologies Inc. (IRTC) available here: IRTC.
IRTC Ratings for April 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
81.63 |
| P2 |
113.33 |
108.14 |
100.55 |
| P3 |
115.83 |
115.03 |
119.62 |
AI Generated Signals for IRTC
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 Irhythm Technologies Inc. (NASDAQ: IRTC) 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 IRTC 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 IRTC:
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