How the (NARI) price action is used to our Advantage
February 22, 2024, 04:48 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NARI
- Buy NARI slightly over 53.46 target 59.94 stop loss @ 53.31 Details
The technical summary data tells us to buy NARI near 53.46 with an upside target of 59.94. This data also tells us to set a stop loss @ 53.31 to protect against excessive loss in case the stock begins to move against the trade. 53.46 is the first level of support below 57.14 , and by rule, any test of support is a buy signal. In this case, support 53.46 would be being tested, so a buy signal would exist.
- Short NARI slightly under 59.94, target 53.46, stop loss @ 60.11 Details
The technical summary data is suggesting a short of NARI as it gets near 59.94 with a downside target of 53.46. We should have a stop loss in place at 60.11though. 59.94 is the first level of resistance above 57.14, and by rule, any test of resistance is a short signal. In this case, if resistance 59.94 is being tested, so a short signal would exist.
Swing Trading Plans for NARI
- Buy NARI slightly over 57.85, target 59.49, Stop Loss @ 57.68 Details
If 57.85 begins to break higher, the technical summary data tells us to buy NARI just slightly over 57.85, with an upside target of 59.49. The data also tells us to set a stop loss @ 57.68 in case the stock turns against the trade. 57.85 is the first level of resistance above 57.14, and by rule, any break above resistance is a buy signal. In this case, 57.85, 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 NARI slightly near 57.85, target 53.46, Stop Loss @ 58.02. Details
The technical summary data is suggesting a short of NARI if it tests 57.85 with a downside target of 53.46. We should have a stop loss in place at 58.02 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, 57.85, 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 NARI
- Buy NARI slightly over 57.27, target 57.85, Stop Loss @ 57.14 Details
If 57.27 begins to break higher, the technical summary data tells us to buy NARI just slightly over 57.27, with an upside target of 57.85. The data also tells us to set a stop loss @ 57.14 in case the stock turns against the trade. 57.27 is the first level of resistance above 57.14, and by rule, any break above resistance is a buy signal. In this case, 57.27, 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 NARI slightly near 57.27, target 53.46, Stop Loss @ 57.4. Details
The technical summary data is suggesting a short of NARI if it tests 57.27 with a downside target of 53.46. We should have a stop loss in place at 57.4 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, 57.27, 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 Inari Medical Inc. (NARI) available here: NARI.
NARI Ratings for February 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
53.46 |
| P2 |
57.27 |
57.85 |
59.94 |
| P3 |
58.7 |
59.49 |
66.65 |
AI Generated Signals for NARI
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 Inari Medical Inc. (NASDAQ: NARI) data table below can help you with price action, and we have more details too. Trading plans for NARI 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 NARI:
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