Learn to Evaluate (VMI) using the Charts
December 17, 2024, 21:40 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VMI
- Buy VMI near 303.25 target 328.01 stop loss @ 302.37 Details
The technical summary data tells us to buy VMI near 303.25 with an upside target of 328.01. This data also tells us to set a stop loss @ 302.37 to protect against excessive loss in case the stock begins to move against the trade. 303.25 is the first level of support below 326.32 , and by rule, any test of support is a buy signal. In this case, support 303.25 would be being tested, so a buy signal would exist.
- Short VMI slightly under 328.01, target 303.25, stop loss @ 328.96 Details
The technical summary data is suggesting a short of VMI as it gets near 328.01 with a downside target of 303.25. We should have a stop loss in place at 328.96though. 328.01 is the first level of resistance above 326.32, and by rule, any test of resistance is a short signal. In this case, if resistance 328.01 is being tested, so a short signal would exist.
Swing Trading Plans for VMI
- Buy VMI slightly over 328.02, target 352.8, Stop Loss @ 327.07 Details
If 328.02 begins to break higher, the technical summary data tells us to buy VMI just slightly over 328.02, with an upside target of 352.8. The data also tells us to set a stop loss @ 327.07 in case the stock turns against the trade. 328.02 is the first level of resistance above 326.32, and by rule, any break above resistance is a buy signal. In this case, 328.02, 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 VMI slightly near 328.02, target 320.88, Stop Loss @ 328.97. Details
The technical summary data is suggesting a short of VMI if it tests 328.02 with a downside target of 320.88. We should have a stop loss in place at 328.97 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, 328.02, 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 VMI
- Buy VMI slightly over 328.02, target 329.89, Stop Loss @ 327.25 Details
If 328.02 begins to break higher, the technical summary data tells us to buy VMI just slightly over 328.02, with an upside target of 329.89. The data also tells us to set a stop loss @ 327.25 in case the stock turns against the trade. 328.02 is the first level of resistance above 326.32, and by rule, any break above resistance is a buy signal. In this case, 328.02, 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 VMI slightly near 328.02, target 324.69, Stop Loss @ 328.79. Details
The technical summary data is suggesting a short of VMI if it tests 328.02 with a downside target of 324.69. We should have a stop loss in place at 328.79 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, 328.02, 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 Valmont Industries Inc. (VMI) available here: VMI.
VMI Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
303.25 |
| P2 |
324.69 |
320.88 |
328.01 |
| P3 |
329.89 |
328.02 |
352.8 |
AI Generated Signals for VMI
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 Valmont Industries Inc. (NYSE: VMI) report below can help you understand how to do this. The trading plans for VMI, 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 VMI:
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