Trading Emerson Electric $EMR With Integrated Risk Controls
September 26, 2023, 18:30 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EMR
- Buy EMR slightly over 91.94 target 99.74 stop loss @ 91.67 Details
The technical summary data tells us to buy EMR near 91.94 with an upside target of 99.74. This data also tells us to set a stop loss @ 91.67 to protect against excessive loss in case the stock begins to move against the trade. 91.94 is the first level of support below 95.58 , and by rule, any test of support is a buy signal. In this case, support 91.94 is being tested, a buy signal would exist.
- Short EMR slightly under 99.74, target 91.94, stop loss @ 100.03 Details
The technical summary data is suggesting a short of EMR as it gets near 99.74 with a downside target of 91.94. We should have a stop loss in place at 100.03though. 99.74 is the first level of resistance above 95.58, and by rule, any test of resistance is a short signal. In this case, if resistance 99.74 is being tested, a short signal would exist.
Swing Trading Plans for EMR
- Buy EMR slightly over 95.87, target 97.96, Stop Loss @ 95.59 Details
If 95.87 begins to break higher, the technical summary data tells us to buy EMR just slightly over 95.87, with an upside target of 97.96. The data also tells us to set a stop loss @ 95.59 in case the stock turns against the trade. 95.87 is the first level of resistance above 95.58, and by rule, any break above resistance is a buy signal. In this case, 95.87, 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 EMR slightly near 95.87, target 91.94, Stop Loss @ 96.15. Details
The technical summary data is suggesting a short of EMR if it tests 95.87 with a downside target of 91.94. We should have a stop loss in place at 96.15 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, 95.87, 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 EMR
- Buy EMR slightly over 95.87, target 96.76, Stop Loss @ 95.65 Details
If 95.87 begins to break higher, the technical summary data tells us to buy EMR just slightly over 95.87, with an upside target of 96.76. The data also tells us to set a stop loss @ 95.65 in case the stock turns against the trade. 95.87 is the first level of resistance above 95.58, and by rule, any break above resistance is a buy signal. In this case, 95.87, 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 EMR slightly near 95.87, target 95.26, Stop Loss @ 96.09. Details
The technical summary data is suggesting a short of EMR if it tests 95.87 with a downside target of 95.26. We should have a stop loss in place at 96.09 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, 95.87, 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 Emerson Electric (EMR) available here: EMR.
EMR Ratings for September 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
83.78 |
| P2 |
95.26 |
95.87 |
91.94 |
| P3 |
96.76 |
97.96 |
99.74 |
AI Generated Signals for EMR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EMR:
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