How the (IWY) price action is used to our Advantage
May 02, 2024, 08:16 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IWY
- Buy IWY slightly over 183.31 target 192.43 stop loss @ 182.78 Details
The technical summary data tells us to buy IWY near 183.31 with an upside target of 192.43. This data also tells us to set a stop loss @ 182.78 to protect against excessive loss in case the stock begins to move against the trade. 183.31 is the first level of support below 186.72 , and by rule, any test of support is a buy signal. In this case, support 183.31 would be being tested, so a buy signal would exist.
- Short IWY slightly under 192.43, target 183.31, stop loss @ 192.99 Details
The technical summary data is suggesting a short of IWY as it gets near 192.43 with a downside target of 183.31. We should have a stop loss in place at 192.99though. 192.43 is the first level of resistance above 186.72, and by rule, any test of resistance is a short signal. In this case, if resistance 192.43 is being tested, so a short signal would exist.
Swing Trading Plans for IWY
- Buy IWY slightly over 190.9, target 192.43, Stop Loss @ 190.35 Details
If 190.9 begins to break higher, the technical summary data tells us to buy IWY just slightly over 190.9, with an upside target of 192.43. The data also tells us to set a stop loss @ 190.35 in case the stock turns against the trade. 190.9 is the first level of resistance above 186.72, and by rule, any break above resistance is a buy signal. In this case, 190.9, 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 IWY slightly near 190.9, target 186.03, Stop Loss @ 191.45. Details
The technical summary data is suggesting a short of IWY if it tests 190.9 with a downside target of 186.03. We should have a stop loss in place at 191.45 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, 190.9, 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 IWY
- Buy IWY slightly over 187.25, target 190.9, Stop Loss @ 186.81 Details
If 187.25 begins to break higher, the technical summary data tells us to buy IWY just slightly over 187.25, with an upside target of 190.9. The data also tells us to set a stop loss @ 186.81 in case the stock turns against the trade. 187.25 is the first level of resistance above 186.72, and by rule, any break above resistance is a buy signal. In this case, 187.25, 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 IWY slightly near 187.25, target 186.03, Stop Loss @ 187.69. Details
The technical summary data is suggesting a short of IWY if it tests 187.25 with a downside target of 186.03. We should have a stop loss in place at 187.69 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, 187.25, 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 Russell Top 200 Growth Etf (IWY) available here: IWY.
IWY Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
183.31 |
| P2 |
187.25 |
186.03 |
192.43 |
| P3 |
191.56 |
190.9 |
201.15 |
AI Generated Signals for IWY
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 Russell Top 200 Growth Etf (NYSE: IWY) data table below can help you with price action, and we have more details too. Trading plans for IWY 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 IWY:
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