When (EET) Moves Investors should Listen
May 26, 2024, 13:36 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EET
- Buy EET slightly over 54.42 target n/a stop loss @ 54.26. Details
The technical summary data tells us to buy EET near 54.42, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 54.26 to protect against excessive loss in case the stock begins to move against the trade. 54.42 is the first level of support below 55.4899, and by rule, any test of support is a buy signal. In this case, if support 54.42 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for EET
- Buy EET slightly over 56.38, target 58.16, Stop Loss @ 56.22 Details
If 56.38 begins to break higher, the technical summary data tells us to buy EET just slightly over 56.38, with an upside target of 58.16. The data also tells us to set a stop loss @ 56.22 in case the stock turns against the trade. 56.38 is the first level of resistance above 55.4899, and by rule, any break above resistance is a buy signal. In this case, 56.38, 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 EET slightly near 56.38, target 54.42, Stop Loss @ 56.54. Details
The technical summary data is suggesting a short of EET if it tests 56.38 with a downside target of 54.42. We should have a stop loss in place at 56.54 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, 56.38, 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 EET
- Buy EET slightly over 55.83, target 56.38, Stop Loss @ 55.7 Details
If 55.83 begins to break higher, the technical summary data tells us to buy EET just slightly over 55.83, with an upside target of 56.38. The data also tells us to set a stop loss @ 55.7 in case the stock turns against the trade. 55.83 is the first level of resistance above 55.4899, and by rule, any break above resistance is a buy signal. In this case, 55.83, 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 EET slightly near 55.83, target 55.32, Stop Loss @ 55.96. Details
The technical summary data is suggesting a short of EET if it tests 55.83 with a downside target of 55.32. We should have a stop loss in place at 55.96 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, 55.83, 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 Proshares Ultra Msci Emerging Markets 2x Shares (EET) available here: EET.
EET Ratings for May 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
46.08 |
| P2 |
55.32 |
56.38 |
50.21 |
| P3 |
55.83 |
58.16 |
54.42 |
AI Generated Signals for EET
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Proshares Ultra Msci Emerging Markets 2x Shares (NYSE: EET) report below is a real world example. Included are trading plans for EET, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EET:
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