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How the (SPBO) price action is used to our Advantage

Longer Term Trading Plans for SPBO
  • Buy SPBO slightly over 28.57 target 29.32 stop loss @ 28.49 Details
  • The technical summary data tells us to buy SPBO near 28.57 with an upside target of 29.32. This data also tells us to set a stop loss @ 28.49 to protect against excessive loss in case the stock begins to move against the trade. 28.57 is the first level of support below 28.91 , and by rule, any test of support is a buy signal. In this case, support 28.57 is being tested, a buy signal would exist.

  • Short SPBO slightly under 29.32, target 28.57, stop loss @ 29.4 Details
  • The technical summary data is suggesting a short of SPBO as it gets near 29.32 with a downside target of 28.57. We should have a stop loss in place at 29.4though. 29.32 is the first level of resistance above 28.91, and by rule, any test of resistance is a short signal. In this case, if resistance 29.32 is being tested, a short signal would exist.

Swing Trading Plans for SPBO
  • Buy SPBO slightly over 29.06, target 29.32, Stop Loss @ 28.98 Details
  • If 29.06 begins to break higher, the technical summary data tells us to buy SPBO just slightly over 29.06, with an upside target of 29.32. The data also tells us to set a stop loss @ 28.98 in case the stock turns against the trade. 29.06 is the first level of resistance above 28.91, and by rule, any break above resistance is a buy signal. In this case, 29.06, 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 SPBO slightly near 29.06, target 28.8, Stop Loss @ 29.14. Details
  • The technical summary data is suggesting a short of SPBO if it tests 29.06 with a downside target of 28.8. We should have a stop loss in place at 29.14 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, 29.06, 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 SPBO
  • Buy SPBO slightly over 29.06, target 29.32, Stop Loss @ 28.99 Details
  • If 29.06 begins to break higher, the technical summary data tells us to buy SPBO just slightly over 29.06, with an upside target of 29.32. The data also tells us to set a stop loss @ 28.99 in case the stock turns against the trade. 29.06 is the first level of resistance above 28.91, and by rule, any break above resistance is a buy signal. In this case, 29.06, 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 SPBO slightly near 29.06, target 28.57, Stop Loss @ 29.13. Details
  • The technical summary data is suggesting a short of SPBO if it tests 29.06 with a downside target of 28.57. We should have a stop loss in place at 29.13 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, 29.06, 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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SPBO Ratings for February 12:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 27.76
P2 28.91 28.8 28.57
P3 0 29.06 29.32
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Support and Resistance Plot Chart for SPBO

SPBO Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Spdr Portfolio Corporate Bond Etf (NASDAQ: SPBO) data table below can help you with price action, and we have more details too. Trading plans for SPBO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.