Trading Perrigo Company Plc $PRGO With Integrated Risk Controls
November 16, 2023, 13:45 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PRGO
- Buy PRGO slightly over 29.04 target 32.6 stop loss @ 28.96 Details
The technical summary data tells us to buy PRGO near 29.04 with an upside target of 32.6. This data also tells us to set a stop loss @ 28.96 to protect against excessive loss in case the stock begins to move against the trade. 29.04 is the first level of support below 29.345 , and by rule, any test of support is a buy signal. In this case, support 29.04 would be being tested, so a buy signal would exist.
- Short PRGO slightly under 32.6, target 29.04, stop loss @ 32.69 Details
The technical summary data is suggesting a short of PRGO as it gets near 32.6 with a downside target of 29.04. We should have a stop loss in place at 32.69though. 32.6 is the first level of resistance above 29.345, and by rule, any test of resistance is a short signal. In this case, if resistance 32.6 is being tested, so a short signal would exist.
Swing Trading Plans for PRGO
- Buy PRGO slightly over 30.28, target 32.6, Stop Loss @ 30.19 Details
If 30.28 begins to break higher, the technical summary data tells us to buy PRGO just slightly over 30.28, with an upside target of 32.6. The data also tells us to set a stop loss @ 30.19 in case the stock turns against the trade. 30.28 is the first level of resistance above 29.345, and by rule, any break above resistance is a buy signal. In this case, 30.28, 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 PRGO slightly near 30.28, target 29.04, Stop Loss @ 30.37. Details
The technical summary data is suggesting a short of PRGO if it tests 30.28 with a downside target of 29.04. We should have a stop loss in place at 30.37 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, 30.28, 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 PRGO
- Buy PRGO slightly over 29.47, target 30.28, Stop Loss @ 29.4 Details
If 29.47 begins to break higher, the technical summary data tells us to buy PRGO just slightly over 29.47, with an upside target of 30.28. The data also tells us to set a stop loss @ 29.4 in case the stock turns against the trade. 29.47 is the first level of resistance above 29.345, and by rule, any break above resistance is a buy signal. In this case, 29.47, 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 PRGO slightly near 29.47, target 29.04, Stop Loss @ 29.54. Details
The technical summary data is suggesting a short of PRGO if it tests 29.47 with a downside target of 29.04. We should have a stop loss in place at 29.54 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, 29.47, 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 Perrigo Company Plc (PRGO) available here: PRGO.
PRGO Ratings for November 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
29.04 |
| P2 |
29.47 |
28.6 |
32.6 |
| P3 |
30.58 |
30.28 |
36.1 |
AI Generated Signals for PRGO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PRGO:
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