Trading (DY) With Integrated Risk Controls

December 01, 2024, 01:58 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DY

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short DY slightly under 182.69, target n/a, stop loss @ 183.22 Details

The technical summary data is suggesting a short of DY as it gets near 182.69, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 183.22. 182.69 is the first level of resistance above 181.16, and by rule, any test of resistance is a short signal. In this case, if resistance 182.69 is being tested, so a short signal would exist.

Swing Trading Plans for DY

• Buy DY slightly over 182.69, target 185.9, Stop Loss @ 182.16 Details

If 182.69 begins to break higher, the technical summary data tells us to buy DY just slightly over 182.69, with an upside target of 185.9. The data also tells us to set a stop loss @ 182.16 in case the stock turns against the trade. 182.69 is the first level of resistance above 181.16, and by rule, any break above resistance is a buy signal. In this case, 182.69, 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 DY slightly near 182.69, target 173.44, Stop Loss @ 183.22. Details

The technical summary data is suggesting a short of DY if it tests 182.69 with a downside target of 173.44. We should have a stop loss in place at 183.22 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, 182.69, 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 DY

• Buy DY slightly over 181.47, target 182.69, Stop Loss @ 181.05 Details

If 181.47 begins to break higher, the technical summary data tells us to buy DY just slightly over 181.47, with an upside target of 182.69. The data also tells us to set a stop loss @ 181.05 in case the stock turns against the trade. 181.47 is the first level of resistance above 181.16, and by rule, any break above resistance is a buy signal. In this case, 181.47, 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 DY slightly near 181.47, target 178.58, Stop Loss @ 181.89. Details

The technical summary data is suggesting a short of DY if it tests 181.47 with a downside target of 178.58. We should have a stop loss in place at 181.89 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, 181.47, 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 Dycom Industries Inc. (DY) available here: DY.

DY Ratings for December 01:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	182.69
P2	178.58	173.44	201.32
P3	181.47	185.9	220.25

AI Generated Signals for DY

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Dycom Industries Inc. (NYSE: DY) report below can help you, but we have more details too. The trading plans for DY, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.