When (WAT) Moves Investors should Listen

March 10, 2024, 05:50 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WAT

• Buy WAT slightly over 337.4 target n/a stop loss @ 336.43. Details

The technical summary data tells us to buy WAT near 337.4, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 336.43 to protect against excessive loss in case the stock begins to move against the trade. 337.4 is the first level of support below 355.94, and by rule, any test of support is a buy signal. In this case, if support 337.4 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for WAT

• Buy WAT slightly over 362.69, target n/a, Stop Loss @ 361.64 Details

If 362.69 begins to break higher, the technical summary data tells us to buy WAT just slightly over 362.69, with an upside target of n/a. The data also tells us to set a stop loss @ 361.64 in case the stock turns against the trade. 362.69 is the first level of resistance above 355.94, and by rule, any break above resistance is a buy signal. In this case, 362.69, 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 WAT slightly near 362.69, target 353.76, Stop Loss @ 363.74. Details

The technical summary data is suggesting a short of WAT if it tests 362.69 with a downside target of 353.76. We should have a stop loss in place at 363.74 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, 362.69, 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 WAT

• Buy WAT slightly over 356.53, target 362.69, Stop Loss @ 355.7 Details

If 356.53 begins to break higher, the technical summary data tells us to buy WAT just slightly over 356.53, with an upside target of 362.69. The data also tells us to set a stop loss @ 355.7 in case the stock turns against the trade. 356.53 is the first level of resistance above 355.94, and by rule, any break above resistance is a buy signal. In this case, 356.53, 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 WAT slightly near 356.53, target 353.76, Stop Loss @ 357.36. Details

The technical summary data is suggesting a short of WAT if it tests 356.53 with a downside target of 353.76. We should have a stop loss in place at 357.36 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, 356.53, 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  Waters Corporation (WAT) available here: WAT.

WAT Ratings for March 10:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	269.72
P2	356.53	353.76	303.77
P3	364.55	362.69	337.4

AI Generated Signals for WAT

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