How the (IRM) price action is used to our Advantage
February 10, 2024, 12:06 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IRM
- Buy IRM slightly over 67.92 target 70.87 stop loss @ 67.72 Details
The technical summary data tells us to buy IRM near 67.92 with an upside target of 70.87. This data also tells us to set a stop loss @ 67.72 to protect against excessive loss in case the stock begins to move against the trade. 67.92 is the first level of support below 68.63 , and by rule, any test of support is a buy signal. In this case, support 67.92 is being tested, a buy signal would exist.
- Short IRM slightly under 70.87, target 67.92, stop loss @ 71.07 Details
The technical summary data is suggesting a short of IRM as it gets near 70.87 with a downside target of 67.92. We should have a stop loss in place at 71.07though. 70.87 is the first level of resistance above 68.63, and by rule, any test of resistance is a short signal. In this case, if resistance 70.87 is being tested, a short signal would exist.
Swing Trading Plans for IRM
- Buy IRM slightly over 69.39, target 70.87, Stop Loss @ 69.19 Details
If 69.39 begins to break higher, the technical summary data tells us to buy IRM just slightly over 69.39, with an upside target of 70.87. The data also tells us to set a stop loss @ 69.19 in case the stock turns against the trade. 69.39 is the first level of resistance above 68.63, and by rule, any break above resistance is a buy signal. In this case, 69.39, 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 IRM slightly near 69.39, target 68.18, Stop Loss @ 69.59. Details
The technical summary data is suggesting a short of IRM if it tests 69.39 with a downside target of 68.18. We should have a stop loss in place at 69.59 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, 69.39, 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.
Day Trading Plans for IRM
- Buy IRM slightly over 68.98, target 69.39, Stop Loss @ 68.82 Details
If 68.98 begins to break higher, the technical summary data tells us to buy IRM just slightly over 68.98, with an upside target of 69.39. The data also tells us to set a stop loss @ 68.82 in case the stock turns against the trade. 68.98 is the first level of resistance above 68.63, and by rule, any break above resistance is a buy signal. In this case, 68.98, 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 IRM slightly near 68.98, target 68.18, Stop Loss @ 69.14. Details
The technical summary data is suggesting a short of IRM if it tests 68.98 with a downside target of 68.18. We should have a stop loss in place at 69.14 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, 68.98, 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 Iron Mountain Incorporated (delaware)common Stock Reit (IRM) available here: IRM.
IRM Ratings for February 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
64.69 |
| P2 |
68.02 |
68.18 |
67.92 |
| P3 |
68.98 |
69.39 |
70.87 |
AI Generated Signals for IRM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Iron Mountain Incorporated (delaware)common Stock Reit (NYSE: IRM) data table below can help you with price action, and we have more details too. Trading plans for IRM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IRM:
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