When (WAT) Moves Investors should Listen

December 12, 2024, 10:26 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WAT

• Buy WAT near 354.52 target 388.56 stop loss @ 353.5 Details

The technical summary data tells us to buy WAT near 354.52 with an upside target of 388.56. This data also tells us to set a stop loss @ 353.5 to protect against excessive loss in case the stock begins to move against the trade. 354.52 is the first level of support below 384.36 , and by rule, any test of support is a buy signal. In this case, support 354.52 is being tested, a buy signal would exist.

• Short WAT slightly under 388.56, target 354.52, stop loss @ 389.68 Details

The technical summary data is suggesting a short of WAT as it gets near 388.56 with a downside target of 354.52. We should have a stop loss in place at 389.68though. 388.56 is the first level of resistance above 384.36, and by rule, any test of resistance is a short signal. In this case, if resistance 388.56 is being tested, a short signal would exist.

Swing Trading Plans for WAT

• Buy WAT slightly over 385.54, target 388.56, Stop Loss @ 384.43 Details

If 385.54 begins to break higher, the technical summary data tells us to buy WAT just slightly over 385.54, with an upside target of 388.56. The data also tells us to set a stop loss @ 384.43 in case the stock turns against the trade. 385.54 is the first level of resistance above 384.36, and by rule, any break above resistance is a buy signal. In this case, 385.54, 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 WAT slightly near 385.54, target 354.52, Stop Loss @ 386.65. Details

The technical summary data is suggesting a short of WAT if it tests 385.54 with a downside target of 354.52. We should have a stop loss in place at 386.65 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, 385.54, 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 WAT

• Buy WAT slightly over 385.54, target 387.94, Stop Loss @ 384.64 Details

If 385.54 begins to break higher, the technical summary data tells us to buy WAT just slightly over 385.54, with an upside target of 387.94. The data also tells us to set a stop loss @ 384.64 in case the stock turns against the trade. 385.54 is the first level of resistance above 384.36, and by rule, any break above resistance is a buy signal. In this case, 385.54, 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 WAT slightly near 385.54, target 354.52, Stop Loss @ 386.44. Details

The technical summary data is suggesting a short of WAT if it tests 385.54 with a downside target of 354.52. We should have a stop loss in place at 386.44 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, 385.54, 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  Waters Corporation (WAT) available here: WAT.

WAT Ratings for December 12:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	320.19
P2	387.94	385.54	354.52
P3	394.88	395.39	388.56

AI Generated Signals for WAT

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