How the (UHS) price action is used to our Advantage
April 29, 2024, 00:56 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UHS
- Buy UHS slightly over 163.55 target 179.96 stop loss @ 163.08 Details
The technical summary data tells us to buy UHS near 163.55 with an upside target of 179.96. This data also tells us to set a stop loss @ 163.08 to protect against excessive loss in case the stock begins to move against the trade. 163.55 is the first level of support below 166.06 , and by rule, any test of support is a buy signal. In this case, support 163.55 is being tested, a buy signal would exist.
- Short UHS slightly under 179.96, target 163.55, stop loss @ 180.48 Details
The technical summary data is suggesting a short of UHS as it gets near 179.96 with a downside target of 163.55. We should have a stop loss in place at 180.48though. 179.96 is the first level of resistance above 166.06, and by rule, any test of resistance is a short signal. In this case, if resistance 179.96 is being tested, a short signal would exist.
Swing Trading Plans for UHS
- Buy UHS slightly over 179.96, target n/a, Stop Loss @ 179.44 Details
If 179.96 begins to break higher, the technical summary data tells us to buy UHS just slightly over 179.96, with an upside target of n/a. The data also tells us to set a stop loss @ 179.44 in case the stock turns against the trade. 179.96 is the first level of resistance above 166.06, and by rule, any break above resistance is a buy signal. In this case, 179.96, 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 UHS slightly near 179.96, target 165.39, Stop Loss @ 180.48. Details
The technical summary data is suggesting a short of UHS if it tests 179.96 with a downside target of 165.39. We should have a stop loss in place at 180.48 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, 179.96, 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 UHS
- Buy UHS slightly over 169.63, target 179.96, Stop Loss @ 169.23 Details
If 169.63 begins to break higher, the technical summary data tells us to buy UHS just slightly over 169.63, with an upside target of 179.96. The data also tells us to set a stop loss @ 169.23 in case the stock turns against the trade. 169.63 is the first level of resistance above 166.06, and by rule, any break above resistance is a buy signal. In this case, 169.63, 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 UHS slightly near 169.63, target 165.39, Stop Loss @ 170.03. Details
The technical summary data is suggesting a short of UHS if it tests 169.63 with a downside target of 165.39. We should have a stop loss in place at 170.03 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, 169.63, 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 Universal Health Services Inc. (UHS) available here: UHS.
UHS Ratings for April 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
147.98 |
| P2 |
165.14 |
155.15 |
163.55 |
| P3 |
169.63 |
165.39 |
179.96 |
AI Generated Signals for UHS
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Universal Health Services Inc. (NYSE: UHS) data table below can help you with price action, and we have more details too. Trading plans for UHS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for UHS:
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