When (PLMR) Moves Investors should Listen
June 14, 2024, 00:02 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PLMR
- Buy PLMR slightly over 81.35 target 90.97 stop loss @ 81.12 Details
The technical summary data tells us to buy PLMR near 81.35 with an upside target of 90.97. This data also tells us to set a stop loss @ 81.12 to protect against excessive loss in case the stock begins to move against the trade. 81.35 is the first level of support below 83.1 , and by rule, any test of support is a buy signal. In this case, support 81.35 is being tested, a buy signal would exist.
- Short PLMR slightly under 90.97, target 81.35, stop loss @ 91.23 Details
The technical summary data is suggesting a short of PLMR as it gets near 90.97 with a downside target of 81.35. We should have a stop loss in place at 91.23though. 90.97 is the first level of resistance above 83.1, and by rule, any test of resistance is a short signal. In this case, if resistance 90.97 is being tested, a short signal would exist.
Swing Trading Plans for PLMR
- Buy PLMR slightly over 83.26, target 86.28, Stop Loss @ 83.02 Details
If 83.26 begins to break higher, the technical summary data tells us to buy PLMR just slightly over 83.26, with an upside target of 86.28. The data also tells us to set a stop loss @ 83.02 in case the stock turns against the trade. 83.26 is the first level of resistance above 83.1, and by rule, any break above resistance is a buy signal. In this case, 83.26, 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 PLMR slightly near 83.26, target 81.35, Stop Loss @ 83.5. Details
The technical summary data is suggesting a short of PLMR if it tests 83.26 with a downside target of 81.35. We should have a stop loss in place at 83.5 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, 83.26, 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 PLMR
- Buy PLMR slightly over 83.26, target 84.33, Stop Loss @ 83.07 Details
If 83.26 begins to break higher, the technical summary data tells us to buy PLMR just slightly over 83.26, with an upside target of 84.33. The data also tells us to set a stop loss @ 83.07 in case the stock turns against the trade. 83.26 is the first level of resistance above 83.1, and by rule, any break above resistance is a buy signal. In this case, 83.26, 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 PLMR slightly near 83.26, target 82.11, Stop Loss @ 83.45. Details
The technical summary data is suggesting a short of PLMR if it tests 83.26 with a downside target of 82.11. We should have a stop loss in place at 83.45 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, 83.26, 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 Palomar Holdings Inc. (PLMR) available here: PLMR.
PLMR Ratings for June 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
71.85 |
| P2 |
82.11 |
83.26 |
81.35 |
| P3 |
84.33 |
86.28 |
90.97 |
AI Generated Signals for PLMR
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Palomar Holdings Inc. (NASDAQ: PLMR) report below is a real world example. Included are trading plans for PLMR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PLMR:
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