When (TFX) Moves Investors should Listen

January 05, 2024, 16:32 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TFX

• Buy TFX slightly over 215.98 target 240.37 stop loss @ 215.36 Details

The technical summary data tells us to buy TFX near 215.98 with an upside target of 240.37. This data also tells us to set a stop loss @ 215.36 to protect against excessive loss in case the stock begins to move against the trade. 215.98 is the first level of support below 239.46 , and by rule, any test of support is a buy signal. In this case, support 215.98 is being tested, a buy signal would exist.

• Short TFX slightly under 240.37, target 215.98, stop loss @ 241.06 Details

The technical summary data is suggesting a short of TFX as it gets near 240.37 with a downside target of 215.98. We should have a stop loss in place at 241.06though. 240.37 is the first level of resistance above 239.46, and by rule, any test of resistance is a short signal. In this case, if resistance 240.37 is being tested, a short signal would exist.

Swing Trading Plans for TFX

• Buy TFX slightly over 240.37, target 242.42, Stop Loss @ 239.68 Details

If 240.37 begins to break higher, the technical summary data tells us to buy TFX just slightly over 240.37, with an upside target of 242.42. The data also tells us to set a stop loss @ 239.68 in case the stock turns against the trade. 240.37 is the first level of resistance above 239.46, and by rule, any break above resistance is a buy signal. In this case, 240.37, 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 TFX slightly near 240.37, target 215.98, Stop Loss @ 241.06. Details

The technical summary data is suggesting a short of TFX if it tests 240.37 with a downside target of 215.98. We should have a stop loss in place at 241.06 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, 240.37, 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 TFX

• Buy TFX slightly over 239.74, target 240.37, Stop Loss @ 239.18 Details

If 239.74 begins to break higher, the technical summary data tells us to buy TFX just slightly over 239.74, with an upside target of 240.37. The data also tells us to set a stop loss @ 239.18 in case the stock turns against the trade. 239.74 is the first level of resistance above 239.46, and by rule, any break above resistance is a buy signal. In this case, 239.74, 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 TFX slightly near 239.74, target 215.98, Stop Loss @ 240.3. Details

The technical summary data is suggesting a short of TFX if it tests 239.74 with a downside target of 215.98. We should have a stop loss in place at 240.3 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, 239.74, 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  Teleflex Incorporated (TFX) available here: TFX.

TFX Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	191.99
P2	239.74	242.42	215.98
P3	243.96	247.61	240.37

AI Generated Signals for TFX

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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  Teleflex Incorporated (NYSE: TFX) report below is a real world example. Included are trading plans for TFX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.