When the Price of (SCSC) Talks, People Listen

September 27, 2024, 22:48 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SCSC

• Buy SCSC near 45.72 target 50.23 stop loss @ 45.59 Details

The technical summary data tells us to buy SCSC near 45.72 with an upside target of 50.23. This data also tells us to set a stop loss @ 45.59 to protect against excessive loss in case the stock begins to move against the trade. 45.72 is the first level of support below 47.49 , and by rule, any test of support is a buy signal. In this case, support 45.72 would be being tested, so a buy signal would exist.

• Short SCSC slightly under 50.23, target 45.72, stop loss @ 50.38 Details

The technical summary data is suggesting a short of SCSC as it gets near 50.23 with a downside target of 45.72. We should have a stop loss in place at 50.38though. 50.23 is the first level of resistance above 47.49, and by rule, any test of resistance is a short signal. In this case, if resistance 50.23 is being tested, so a short signal would exist.

Swing Trading Plans for SCSC

• Buy SCSC slightly over 47.93, target 50.31, Stop Loss @ 47.79 Details

If 47.93 begins to break higher, the technical summary data tells us to buy SCSC just slightly over 47.93, with an upside target of 50.31. The data also tells us to set a stop loss @ 47.79 in case the stock turns against the trade. 47.93 is the first level of resistance above 47.49, and by rule, any break above resistance is a buy signal. In this case, 47.93, 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 SCSC slightly near 47.93, target 45.72, Stop Loss @ 48.07. Details

The technical summary data is suggesting a short of SCSC if it tests 47.93 with a downside target of 45.72. We should have a stop loss in place at 48.07 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, 47.93, 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 SCSC

• Buy SCSC slightly over 47.93, target 48.48, Stop Loss @ 47.82 Details

If 47.93 begins to break higher, the technical summary data tells us to buy SCSC just slightly over 47.93, with an upside target of 48.48. The data also tells us to set a stop loss @ 47.82 in case the stock turns against the trade. 47.93 is the first level of resistance above 47.49, and by rule, any break above resistance is a buy signal. In this case, 47.93, 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 SCSC slightly near 47.93, target 47.09, Stop Loss @ 48.04. Details

The technical summary data is suggesting a short of SCSC if it tests 47.93 with a downside target of 47.09. We should have a stop loss in place at 48.04 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, 47.93, 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 Scansource Inc. (SCSC) available here: SCSC.

SCSC Ratings for September 27:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	45.72
P2	47.09	47.93	50.23
P3	48.48	50.31	54.55

AI Generated Signals for SCSC

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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 Scansource Inc. (NASDAQ: SCSC) 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 SCSC 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.