When (PRN) Moves Investors should Listen

December 16, 2024, 14:18 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PRN

• Buy PRN near 163.32 target 173.96 stop loss @ 162.85 Details

The technical summary data tells us to buy PRN near 163.32 with an upside target of 173.96. This data also tells us to set a stop loss @ 162.85 to protect against excessive loss in case the stock begins to move against the trade. 163.32 is the first level of support below 166.21 , and by rule, any test of support is a buy signal. In this case, support 163.32 is being tested, a buy signal would exist.

• Short PRN slightly under 173.96, target 163.32, stop loss @ 174.46 Details

The technical summary data is suggesting a short of PRN as it gets near 173.96 with a downside target of 163.32. We should have a stop loss in place at 174.46though. 173.96 is the first level of resistance above 166.21, and by rule, any test of resistance is a short signal. In this case, if resistance 173.96 is being tested, a short signal would exist.

Swing Trading Plans for PRN

• Buy PRN slightly over 167.42, target 173.96, Stop Loss @ 166.94 Details

If 167.42 begins to break higher, the technical summary data tells us to buy PRN just slightly over 167.42, with an upside target of 173.96. The data also tells us to set a stop loss @ 166.94 in case the stock turns against the trade. 167.42 is the first level of resistance above 166.21, and by rule, any break above resistance is a buy signal. In this case, 167.42, 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 PRN slightly near 167.42, target 164.39, Stop Loss @ 167.9. Details

The technical summary data is suggesting a short of PRN if it tests 167.42 with a downside target of 164.39. We should have a stop loss in place at 167.9 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, 167.42, 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 PRN

• Buy PRN slightly over 167.11, target 167.42, Stop Loss @ 166.72 Details

If 167.11 begins to break higher, the technical summary data tells us to buy PRN just slightly over 167.11, with an upside target of 167.42. The data also tells us to set a stop loss @ 166.72 in case the stock turns against the trade. 167.11 is the first level of resistance above 166.21, and by rule, any break above resistance is a buy signal. In this case, 167.11, 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 PRN slightly near 167.11, target 165.15, Stop Loss @ 167.5. Details

The technical summary data is suggesting a short of PRN if it tests 167.11 with a downside target of 165.15. We should have a stop loss in place at 167.5 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, 167.11, 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  Invesco Dwa Industrials Momentum Etf (PRN) available here: PRN.

PRN Ratings for December 16:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	152.7
P2	165.15	164.39	163.32
P3	167.11	167.42	173.96

AI Generated Signals for PRN

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