Trading (EME) With Integrated Risk Controls

July 18, 2024, 20:58 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EME

• Buy EME slightly over 337.38 target 379.96 stop loss @ 336.41 Details

The technical summary data tells us to buy EME near 337.38 with an upside target of 379.96. This data also tells us to set a stop loss @ 336.41 to protect against excessive loss in case the stock begins to move against the trade. 337.38 is the first level of support below 364.83 , and by rule, any test of support is a buy signal. In this case, support 337.38 would be being tested, so a buy signal would exist.

• Short EME slightly under 379.96, target 337.38, stop loss @ 381.06 Details

The technical summary data is suggesting a short of EME as it gets near 379.96 with a downside target of 337.38. We should have a stop loss in place at 381.06though. 379.96 is the first level of resistance above 364.83, and by rule, any test of resistance is a short signal. In this case, if resistance 379.96 is being tested, so a short signal would exist.

Swing Trading Plans for EME

• Buy EME slightly over 370.37, target 379.96, Stop Loss @ 369.3 Details

If 370.37 begins to break higher, the technical summary data tells us to buy EME just slightly over 370.37, with an upside target of 379.96. The data also tells us to set a stop loss @ 369.3 in case the stock turns against the trade. 370.37 is the first level of resistance above 364.83, and by rule, any break above resistance is a buy signal. In this case, 370.37, 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 EME slightly near 370.37, target 337.38, Stop Loss @ 371.44. Details

The technical summary data is suggesting a short of EME if it tests 370.37 with a downside target of 337.38. We should have a stop loss in place at 371.44 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, 370.37, 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 EME

• Buy EME slightly over 370.37, target 373.72, Stop Loss @ 369.51 Details

If 370.37 begins to break higher, the technical summary data tells us to buy EME just slightly over 370.37, with an upside target of 373.72. The data also tells us to set a stop loss @ 369.51 in case the stock turns against the trade. 370.37 is the first level of resistance above 364.83, and by rule, any break above resistance is a buy signal. In this case, 370.37, 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 EME slightly near 370.37, target 359.02, Stop Loss @ 371.23. Details

The technical summary data is suggesting a short of EME if it tests 370.37 with a downside target of 359.02. We should have a stop loss in place at 371.23 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, 370.37, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Emcor Group Inc. (EME) available here: EME.

EME Ratings for July 18:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	337.38
P2	359.02	370.37	379.96
P3	373.72	388.16	424.51

AI Generated Signals for EME

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