How the (IBB) price action is used to our Advantage
March 19, 2024, 20:54 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IBB
- Buy IBB slightly over 131.02 target 138.89 stop loss @ 130.64 Details
The technical summary data tells us to buy IBB near 131.02 with an upside target of 138.89. This data also tells us to set a stop loss @ 130.64 to protect against excessive loss in case the stock begins to move against the trade. 131.02 is the first level of support below 136.14 , and by rule, any test of support is a buy signal. In this case, support 131.02 is being tested, a buy signal would exist.
- Short IBB slightly under 138.89, target 131.02, stop loss @ 139.29 Details
The technical summary data is suggesting a short of IBB as it gets near 138.89 with a downside target of 131.02. We should have a stop loss in place at 139.29though. 138.89 is the first level of resistance above 136.14, and by rule, any test of resistance is a short signal. In this case, if resistance 138.89 is being tested, a short signal would exist.
Swing Trading Plans for IBB
- Buy IBB slightly over 137.25, target 138.89, Stop Loss @ 136.85 Details
If 137.25 begins to break higher, the technical summary data tells us to buy IBB just slightly over 137.25, with an upside target of 138.89. The data also tells us to set a stop loss @ 136.85 in case the stock turns against the trade. 137.25 is the first level of resistance above 136.14, and by rule, any break above resistance is a buy signal. In this case, 137.25, 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 IBB slightly near 137.25, target 134.96, Stop Loss @ 137.65. Details
The technical summary data is suggesting a short of IBB if it tests 137.25 with a downside target of 134.96. We should have a stop loss in place at 137.65 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, 137.25, 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 IBB
- Buy IBB slightly over 137.25, target 138.89, Stop Loss @ 136.93 Details
If 137.25 begins to break higher, the technical summary data tells us to buy IBB just slightly over 137.25, with an upside target of 138.89. The data also tells us to set a stop loss @ 136.93 in case the stock turns against the trade. 137.25 is the first level of resistance above 136.14, and by rule, any break above resistance is a buy signal. In this case, 137.25, 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 IBB slightly near 137.25, target 136.05, Stop Loss @ 137.57. Details
The technical summary data is suggesting a short of IBB if it tests 137.25 with a downside target of 136.05. We should have a stop loss in place at 137.57 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, 137.25, 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 Ishares Biotechnology Etf (IBB) available here: IBB.
IBB Ratings for March 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
122.61 |
| P2 |
134.33 |
134.96 |
131.02 |
| P3 |
136.05 |
137.25 |
138.89 |
AI Generated Signals for IBB
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 Ishares Biotechnology Etf (NYSE: IBB) data table below can help you with price action, and we have more details too. Trading plans for IBB 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 IBB:
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