Learn to Evaluate (DORM) using the Charts
July 10, 2024, 22:52 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DORM
- Buy DORM slightly over 84.17 target 92.07 stop loss @ 83.93 Details
The technical summary data tells us to buy DORM near 84.17 with an upside target of 92.07. This data also tells us to set a stop loss @ 83.93 to protect against excessive loss in case the stock begins to move against the trade. 84.17 is the first level of support below 88.25 , and by rule, any test of support is a buy signal. In this case, support 84.17 would be being tested, so a buy signal would exist.
- Short DORM slightly under 92.07, target 84.17, stop loss @ 92.34 Details
The technical summary data is suggesting a short of DORM as it gets near 92.07 with a downside target of 84.17. We should have a stop loss in place at 92.34though. 92.07 is the first level of resistance above 88.25, and by rule, any test of resistance is a short signal. In this case, if resistance 92.07 is being tested, so a short signal would exist.
Swing Trading Plans for DORM
- Buy DORM slightly over 88.84, target 92.07, Stop Loss @ 88.58 Details
If 88.84 begins to break higher, the technical summary data tells us to buy DORM just slightly over 88.84, with an upside target of 92.07. The data also tells us to set a stop loss @ 88.58 in case the stock turns against the trade. 88.84 is the first level of resistance above 88.25, and by rule, any break above resistance is a buy signal. In this case, 88.84, 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 DORM slightly near 88.84, target 86.98, Stop Loss @ 89.1. Details
The technical summary data is suggesting a short of DORM if it tests 88.84 with a downside target of 86.98. We should have a stop loss in place at 89.1 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, 88.84, 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 DORM
- Buy DORM slightly over 88.39, target 88.84, Stop Loss @ 88.18 Details
If 88.39 begins to break higher, the technical summary data tells us to buy DORM just slightly over 88.39, with an upside target of 88.84. The data also tells us to set a stop loss @ 88.18 in case the stock turns against the trade. 88.39 is the first level of resistance above 88.25, and by rule, any break above resistance is a buy signal. In this case, 88.39, 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 DORM slightly near 88.39, target 86.98, Stop Loss @ 88.6. Details
The technical summary data is suggesting a short of DORM if it tests 88.39 with a downside target of 86.98. We should have a stop loss in place at 88.6 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, 88.39, 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 Dorman Products Inc. (DORM) available here: DORM.
DORM Ratings for July 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
84.17 |
| P2 |
86.85 |
86.98 |
92.07 |
| P3 |
88.39 |
88.84 |
99.9 |
AI Generated Signals for DORM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Dorman Products Inc. (NASDAQ: DORM) report below can help you understand how to do this. The trading plans for DORM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DORM:
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