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When (MRC) Moves Investors should Listen

Longer Term Trading Plans for MRC
  • Buy MRC slightly over 11.6 target 12.54 stop loss @ 11.57 Details
  • The technical summary data tells us to buy MRC near 11.6 with an upside target of 12.54. This data also tells us to set a stop loss @ 11.57 to protect against excessive loss in case the stock begins to move against the trade. 11.6 is the first level of support below 12.38 , and by rule, any test of support is a buy signal. In this case, support 11.6 is being tested, a buy signal would exist.

  • Short MRC slightly under 12.54, target 11.6, stop loss @ 12.58 Details
  • The technical summary data is suggesting a short of MRC as it gets near 12.54 with a downside target of 11.6. We should have a stop loss in place at 12.58though. 12.54 is the first level of resistance above 12.38, and by rule, any test of resistance is a short signal. In this case, if resistance 12.54 is being tested, a short signal would exist.

Swing Trading Plans for MRC
  • Buy MRC slightly over 12.7, target n/a, Stop Loss @ 12.66 Details
  • If 12.7 begins to break higher, the technical summary data tells us to buy MRC just slightly over 12.7, with an upside target of n/a. The data also tells us to set a stop loss @ 12.66 in case the stock turns against the trade. 12.7 is the first level of resistance above 12.38, and by rule, any break above resistance is a buy signal. In this case, 12.7, 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 MRC slightly near 12.7, target 11.6, Stop Loss @ 12.74. Details
  • The technical summary data is suggesting a short of MRC if it tests 12.7 with a downside target of 11.6. We should have a stop loss in place at 12.74 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, 12.7, 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 MRC
  • Buy MRC slightly over 12.7, target n/a, Stop Loss @ 12.67 Details
  • If 12.7 begins to break higher, the technical summary data tells us to buy MRC just slightly over 12.7, with an upside target of n/a. The data also tells us to set a stop loss @ 12.67 in case the stock turns against the trade. 12.7 is the first level of resistance above 12.38, and by rule, any break above resistance is a buy signal. In this case, 12.7, 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 MRC slightly near 12.7, target 11.6, Stop Loss @ 12.73. Details
  • The technical summary data is suggesting a short of MRC if it tests 12.7 with a downside target of 11.6. We should have a stop loss in place at 12.73 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, 12.7, 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.

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MRC Ratings for April 03:

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 10.63
P2 12.49 12.41 11.6
P3 0 12.7 12.54
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Support and Resistance Plot Chart for MRC

MRC Long Term Analysis for April 3 2024

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