Learn to Evaluate (RUT) using the Charts
June 28, 2024, 13:06 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RUT
- Buy RUT slightly over 1939.61 target 2063.95 stop loss @ 1934.01 Details
The technical summary data tells us to buy RUT near 1939.61 with an upside target of 2063.95. This data also tells us to set a stop loss @ 1934.01 to protect against excessive loss in case the stock begins to move against the trade. 1939.61 is the first level of support below 2042.77 , and by rule, any test of support is a buy signal. In this case, support 1939.61 would be being tested, so a buy signal would exist.
- Short RUT slightly under 2063.95, target 1939.61, stop loss @ 2069.91 Details
The technical summary data is suggesting a short of RUT as it gets near 2063.95 with a downside target of 1939.61. We should have a stop loss in place at 2069.91though. 2063.95 is the first level of resistance above 2042.77, and by rule, any test of resistance is a short signal. In this case, if resistance 2063.95 is being tested, so a short signal would exist.
Swing Trading Plans for RUT
- Buy RUT slightly over 2063.95, target 2183.1, Stop Loss @ 2057.99 Details
If 2063.95 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2063.95, with an upside target of 2183.1. The data also tells us to set a stop loss @ 2057.99 in case the stock turns against the trade. 2063.95 is the first level of resistance above 2042.77, and by rule, any break above resistance is a buy signal. In this case, 2063.95, 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 RUT slightly near 2063.95, target 2037.67, Stop Loss @ 2069.91. Details
The technical summary data is suggesting a short of RUT if it tests 2063.95 with a downside target of 2037.67. We should have a stop loss in place at 2069.91 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, 2063.95, 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 RUT
- Buy RUT slightly over 2063.95, target 2183.1, Stop Loss @ 2059.13 Details
If 2063.95 begins to break higher, the technical summary data tells us to buy RUT just slightly over 2063.95, with an upside target of 2183.1. The data also tells us to set a stop loss @ 2059.13 in case the stock turns against the trade. 2063.95 is the first level of resistance above 2042.77, and by rule, any break above resistance is a buy signal. In this case, 2063.95, 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 RUT slightly near 2063.95, target 2037.67, Stop Loss @ 2068.77. Details
The technical summary data is suggesting a short of RUT if it tests 2063.95 with a downside target of 2037.67. We should have a stop loss in place at 2068.77 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, 2063.95, 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 Russell 2000 (RUT) available here: RUT.
RUT Ratings for June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
1939.61 |
| P2 |
2014.91 |
1998.86 |
2063.95 |
| P3 |
2032.66 |
2037.67 |
2183.1 |
AI Generated Signals for RUT
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Russell 2000 (NYSE: RUT) report below can help you understand how to do this. The trading plans for RUT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RUT:
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