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Trading New Residential Investment NRZ With Integrated Risk Controls

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The New Residential Investment (NYSE: NRZ) report below can help you, but we have more details too. The trading plans for NRZ, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for NRZ
  • Buy NRZ slightly over 10.42 target 11.34 stop loss @ 10.39 Details
  • The technical summary data tells us to buy NRZ near 10.42 with an upside target of 11.34. This data also tells us to set a stop loss @ 10.39 to protect against excessive loss in case the stock begins to move against the trade. 10.42 is the first level of support below 10.89 , and by rule, any test of support is a buy signal. In this case, support 10.42 is being tested, a buy signal would exist.

  • Short NRZ under 11.34, target 10.42, stop loss @ 11.37 Details
  • The technical summary data is suggesting a short of NRZ as it gets near 11.34 with a downside target of 10.42. We should have a stop loss in place at 11.37though. 11.34 is the first level of resistance above 10.89, and by rule, any test of resistance is a short signal. In this case, if resistance 11.34 is being tested, a short signal would exist.

Swing Trading Plans for NRZ
  • Buy NRZ slightly over 10.97, target 11.34, Stop Loss @ 10.94 Details
  • If 10.97 begins to break higher, the technical summary data tells us to buy NRZ just slightly over 10.97, with an upside target of 11.34. The data also tells us to set a stop loss @ 10.94 in case the stock turns against the trade. 10.97 is the first level of resistance above 10.89, and by rule, any break above resistance is a buy signal. In this case, 10.97, 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 NRZ near 10.97, target 10.62, Stop Loss @ 11. Details
  • The technical summary data is suggesting a short of NRZ if it tests 10.97 with a downside target of 10.62. We should have a stop loss in place at 11 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, 10.97, 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 NRZ
  • Buy NRZ slightly over 11.04, target 11.34, Stop Loss @ 11.01 Details
  • If 11.04 begins to break higher, the technical summary data tells us to buy NRZ just slightly over 11.04, with an upside target of 11.34. The data also tells us to set a stop loss @ 11.01 in case the stock turns against the trade. 11.04 is the first level of resistance above 10.89, and by rule, any break above resistance is a buy signal. In this case, 11.04, 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 NRZ near 11.04, target 9.44, Stop Loss @ 11.07. Details
  • The technical summary data is suggesting a short of NRZ if it tests 11.04 with a downside target of 9.44. We should have a stop loss in place at 11.07 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, 11.04, 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.

NRZ Ratings for August 03:

Term →Near Mid Long
Rating Strong Strong Neutral
P1 0 0 9.44
P2 10.81 10.62 10.42
P3 11.04 10.97 11.34
Triggers may have already come
Support and Resistance Plot Chart for NRZ

NRZ Long Term Analysis for August 3 2022

Blue = Current Price
Red= Resistance
Green = Support

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