When (PH) Moves Investors should Listen
August 09, 2024, 12:20 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PH
- Buy PH slightly over 520.69 target 568.31 stop loss @ 519.19 Details
The technical summary data tells us to buy PH near 520.69 with an upside target of 568.31. This data also tells us to set a stop loss @ 519.19 to protect against excessive loss in case the stock begins to move against the trade. 520.69 is the first level of support below 566.28 , and by rule, any test of support is a buy signal. In this case, support 520.69 would be being tested, so a buy signal would exist.
- Short PH slightly under 568.31, target 520.69, stop loss @ 569.95 Details
The technical summary data is suggesting a short of PH as it gets near 568.31 with a downside target of 520.69. We should have a stop loss in place at 569.95though. 568.31 is the first level of resistance above 566.28, and by rule, any test of resistance is a short signal. In this case, if resistance 568.31 is being tested, so a short signal would exist.
Swing Trading Plans for PH
- Buy PH slightly over 568.31, target 612.62, Stop Loss @ 566.67 Details
If 568.31 begins to break higher, the technical summary data tells us to buy PH just slightly over 568.31, with an upside target of 612.62. The data also tells us to set a stop loss @ 566.67 in case the stock turns against the trade. 568.31 is the first level of resistance above 566.28, and by rule, any break above resistance is a buy signal. In this case, 568.31, 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 PH slightly near 568.31, target 547.33, Stop Loss @ 569.95. Details
The technical summary data is suggesting a short of PH if it tests 568.31 with a downside target of 547.33. We should have a stop loss in place at 569.95 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, 568.31, 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 PH
- Buy PH slightly over 568.31, target 612.62, Stop Loss @ 566.98 Details
If 568.31 begins to break higher, the technical summary data tells us to buy PH just slightly over 568.31, with an upside target of 612.62. The data also tells us to set a stop loss @ 566.98 in case the stock turns against the trade. 568.31 is the first level of resistance above 566.28, and by rule, any break above resistance is a buy signal. In this case, 568.31, 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 PH slightly near 568.31, target 565.65, Stop Loss @ 569.64. Details
The technical summary data is suggesting a short of PH if it tests 568.31 with a downside target of 565.65. We should have a stop loss in place at 569.64 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, 568.31, 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 Parker-hannifin Corporation (PH) available here: PH.
PH Ratings for August 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
520.69 |
| P2 |
537.24 |
506.19 |
568.31 |
| P3 |
565.65 |
547.33 |
612.62 |
AI Generated Signals for PH
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Parker-hannifin Corporation (NYSE: PH) report below is a real world example. Included are trading plans for PH, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PH:
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