How the (EME) price action is used to our Advantage
March 09, 2024, 13:22 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EME
- Buy EME slightly over 275.05 target n/a stop loss @ 274.26. Details
The technical summary data tells us to buy EME near 275.05, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 274.26 to protect against excessive loss in case the stock begins to move against the trade. 275.05 is the first level of support below 325.01, and by rule, any test of support is a buy signal. In this case, if support 275.05 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for EME
- Buy EME slightly over 333.59, target 354.67, Stop Loss @ 332.63 Details
If 333.59 begins to break higher, the technical summary data tells us to buy EME just slightly over 333.59, with an upside target of 354.67. The data also tells us to set a stop loss @ 332.63 in case the stock turns against the trade. 333.59 is the first level of resistance above 325.01, and by rule, any break above resistance is a buy signal. In this case, 333.59, 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 333.59, target 275.05, Stop Loss @ 334.55. Details
The technical summary data is suggesting a short of EME if it tests 333.59 with a downside target of 275.05. We should have a stop loss in place at 334.55 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, 333.59, 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 328.44, target 333.59, Stop Loss @ 327.67 Details
If 328.44 begins to break higher, the technical summary data tells us to buy EME just slightly over 328.44, with an upside target of 333.59. The data also tells us to set a stop loss @ 327.67 in case the stock turns against the trade. 328.44 is the first level of resistance above 325.01, and by rule, any break above resistance is a buy signal. In this case, 328.44, 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 328.44, target 324.56, Stop Loss @ 329.21. Details
The technical summary data is suggesting a short of EME if it tests 328.44 with a downside target of 324.56. We should have a stop loss in place at 329.21 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, 328.44, 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 March 09:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
228.07 |
P2 |
324.56 |
333.59 |
250.41 |
P3 |
328.44 |
354.67 |
275.05 |
AI Generated Signals for EME
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 Emcor Group Inc. (NYSE: EME) data table below can help you with price action, and we have more details too. Trading plans for EME 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 EME: