February 28, 2025, 18:26 pm ET, BY Randall S. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MCRI
- Buy MCRI near 85.96 target 92.16 stop loss @ 85.71 Details
The technical summary data tells us to buy MCRI near 85.96 with an upside target of 92.16. This data also tells us to set a stop loss @ 85.71 to protect against excessive loss in case the stock begins to move against the trade. 85.96 is the first level of support below 91.58 , and by rule, any test of support is a buy signal. In this case, support 85.96 is being tested, a buy signal would exist.
- Short MCRI slightly under 92.16, target 85.96, stop loss @ 92.43 Details
The technical summary data is suggesting a short of MCRI as it gets near 92.16 with a downside target of 85.96. We should have a stop loss in place at 92.43though. 92.16 is the first level of resistance above 91.58, and by rule, any test of resistance is a short signal. In this case, if resistance 92.16 is being tested, a short signal would exist.
Swing Trading Plans for MCRI
- Buy MCRI slightly over 92.16, target 93.6, Stop Loss @ 91.89 Details
If 92.16 begins to break higher, the technical summary data tells us to buy MCRI just slightly over 92.16, with an upside target of 93.6. The data also tells us to set a stop loss @ 91.89 in case the stock turns against the trade. 92.16 is the first level of resistance above 91.58, and by rule, any break above resistance is a buy signal. In this case, 92.16, 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 MCRI slightly near 92.16, target 89.15, Stop Loss @ 92.43. Details
The technical summary data is suggesting a short of MCRI if it tests 92.16 with a downside target of 89.15. We should have a stop loss in place at 92.43 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, 92.16, 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 MCRI
- Buy MCRI slightly over 91.74, target 92.16, Stop Loss @ 91.53 Details
If 91.74 begins to break higher, the technical summary data tells us to buy MCRI just slightly over 91.74, with an upside target of 92.16. The data also tells us to set a stop loss @ 91.53 in case the stock turns against the trade. 91.74 is the first level of resistance above 91.58, and by rule, any break above resistance is a buy signal. In this case, 91.74, 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 MCRI slightly near 91.74, target 90.44, Stop Loss @ 91.95. Details
The technical summary data is suggesting a short of MCRI if it tests 91.74 with a downside target of 90.44. We should have a stop loss in place at 91.95 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, 91.74, 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 Monarch Casino & Resort Inc. (MCRI) available here: MCRI.
MCRI Ratings for February 28:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Strong |
Strong |
P1 |
0 |
0 |
80.14 |
P2 |
90.44 |
89.15 |
85.96 |
P3 |
91.74 |
93.6 |
92.16 |
AI Generated Signals for MCRI
Blue = Current Price
Red = Resistance
Green = Support
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