How the (EMR) price action is used to our Advantage
July 18, 2024, 21:02 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EMR
- Buy EMR slightly over 112.7 target 120.35 stop loss @ 112.37 Details
The technical summary data tells us to buy EMR near 112.7 with an upside target of 120.35. This data also tells us to set a stop loss @ 112.37 to protect against excessive loss in case the stock begins to move against the trade. 112.7 is the first level of support below 116.54 , and by rule, any test of support is a buy signal. In this case, support 112.7 is being tested, a buy signal would exist.
- Short EMR slightly under 120.35, target 112.7, stop loss @ 120.7 Details
The technical summary data is suggesting a short of EMR as it gets near 120.35 with a downside target of 112.7. We should have a stop loss in place at 120.7though. 120.35 is the first level of resistance above 116.54, and by rule, any test of resistance is a short signal. In this case, if resistance 120.35 is being tested, a short signal would exist.
Swing Trading Plans for EMR
- Buy EMR slightly over 117.57, target 120.35, Stop Loss @ 117.23 Details
If 117.57 begins to break higher, the technical summary data tells us to buy EMR just slightly over 117.57, with an upside target of 120.35. The data also tells us to set a stop loss @ 117.23 in case the stock turns against the trade. 117.57 is the first level of resistance above 116.54, and by rule, any break above resistance is a buy signal. In this case, 117.57, 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 EMR slightly near 117.57, target 112.7, Stop Loss @ 117.91. Details
The technical summary data is suggesting a short of EMR if it tests 117.57 with a downside target of 112.7. We should have a stop loss in place at 117.91 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, 117.57, 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 EMR
- Buy EMR slightly over 117.57, target 119.94, Stop Loss @ 117.3 Details
If 117.57 begins to break higher, the technical summary data tells us to buy EMR just slightly over 117.57, with an upside target of 119.94. The data also tells us to set a stop loss @ 117.3 in case the stock turns against the trade. 117.57 is the first level of resistance above 116.54, and by rule, any break above resistance is a buy signal. In this case, 117.57, 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 EMR slightly near 117.57, target 112.7, Stop Loss @ 117.84. Details
The technical summary data is suggesting a short of EMR if it tests 117.57 with a downside target of 112.7. We should have a stop loss in place at 117.84 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, 117.57, 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 Emerson Electric Company (EMR) available here: EMR.
EMR Ratings for July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
104.75 |
| P2 |
117.43 |
117.57 |
112.7 |
| P3 |
119.94 |
120.66 |
120.35 |
AI Generated Signals for EMR
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 Emerson Electric Company (NYSE: EMR) data table below can help you with price action, and we have more details too. Trading plans for EMR 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 EMR:
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