When (GMS) Moves Investors should Listen
November 23, 2024, 08:58 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GMS
- Buy GMS near 94.76 target 103.79 stop loss @ 94.49 Details
The technical summary data tells us to buy GMS near 94.76 with an upside target of 103.79. This data also tells us to set a stop loss @ 94.49 to protect against excessive loss in case the stock begins to move against the trade. 94.76 is the first level of support below 101.7 , and by rule, any test of support is a buy signal. In this case, support 94.76 is being tested, a buy signal would exist.
- Short GMS slightly under 103.79, target 94.76, stop loss @ 104.09 Details
The technical summary data is suggesting a short of GMS as it gets near 103.79 with a downside target of 94.76. We should have a stop loss in place at 104.09though. 103.79 is the first level of resistance above 101.7, and by rule, any test of resistance is a short signal. In this case, if resistance 103.79 is being tested, a short signal would exist.
Swing Trading Plans for GMS
- Buy GMS slightly over 103.79, target n/a, Stop Loss @ 103.49 Details
If 103.79 begins to break higher, the technical summary data tells us to buy GMS just slightly over 103.79, with an upside target of n/a. The data also tells us to set a stop loss @ 103.49 in case the stock turns against the trade. 103.79 is the first level of resistance above 101.7, and by rule, any break above resistance is a buy signal. In this case, 103.79, 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 GMS slightly near 103.79, target 101.09, Stop Loss @ 104.09. Details
The technical summary data is suggesting a short of GMS if it tests 103.79 with a downside target of 101.09. We should have a stop loss in place at 104.09 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, 103.79, 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 GMS
- Buy GMS slightly over 103.79, target n/a, Stop Loss @ 103.55 Details
If 103.79 begins to break higher, the technical summary data tells us to buy GMS just slightly over 103.79, with an upside target of n/a. The data also tells us to set a stop loss @ 103.55 in case the stock turns against the trade. 103.79 is the first level of resistance above 101.7, and by rule, any break above resistance is a buy signal. In this case, 103.79, 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 GMS slightly near 103.79, target 101.09, Stop Loss @ 104.03. Details
The technical summary data is suggesting a short of GMS if it tests 103.79 with a downside target of 101.09. We should have a stop loss in place at 104.03 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, 103.79, 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 Gms Inc. (GMS) available here: GMS.
GMS Ratings for November 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
85.35 |
| P2 |
98.58 |
97.7 |
94.76 |
| P3 |
99.65 |
101.09 |
103.79 |
AI Generated Signals for GMS
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Gms Inc. (NYSE: GMS) report below is a real world example. Included are trading plans for GMS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GMS:
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