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How the (FDL) price action is used to our Advantage

Longer Term Trading Plans for FDL
  • Buy FDL slightly over 37.63 target 39.04 stop loss @ 37.52 Details
  • The technical summary data tells us to buy FDL near 37.63 with an upside target of 39.04. This data also tells us to set a stop loss @ 37.52 to protect against excessive loss in case the stock begins to move against the trade. 37.63 is the first level of support below 38.76 , and by rule, any test of support is a buy signal. In this case, support 37.63 is being tested, a buy signal would exist.

  • Short FDL slightly under 39.04, target 37.63, stop loss @ 39.15 Details
  • The technical summary data is suggesting a short of FDL as it gets near 39.04 with a downside target of 37.63. We should have a stop loss in place at 39.15though. 39.04 is the first level of resistance above 38.76, and by rule, any test of resistance is a short signal. In this case, if resistance 39.04 is being tested, a short signal would exist.

Swing Trading Plans for FDL
  • Buy FDL slightly over 39.04, target 39.28, Stop Loss @ 38.93 Details
  • If 39.04 begins to break higher, the technical summary data tells us to buy FDL just slightly over 39.04, with an upside target of 39.28. The data also tells us to set a stop loss @ 38.93 in case the stock turns against the trade. 39.04 is the first level of resistance above 38.76, and by rule, any break above resistance is a buy signal. In this case, 39.04, 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 FDL slightly near 39.04, target 37.63, Stop Loss @ 39.15. Details
  • The technical summary data is suggesting a short of FDL if it tests 39.04 with a downside target of 37.63. We should have a stop loss in place at 39.15 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, 39.04, 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 FDL
  • Buy FDL slightly over 39.28, target n/a, Stop Loss @ 39.19 Details
  • If 39.28 begins to break higher, the technical summary data tells us to buy FDL just slightly over 39.28, with an upside target of n/a. The data also tells us to set a stop loss @ 39.19 in case the stock turns against the trade. 39.28 is the first level of resistance above 38.76, and by rule, any break above resistance is a buy signal. In this case, 39.28, 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 FDL slightly near 39.28, target 37.63, Stop Loss @ 39.37. Details
  • The technical summary data is suggesting a short of FDL if it tests 39.28 with a downside target of 37.63. We should have a stop loss in place at 39.37 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, 39.28, 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  First Trust Morningstar Dividend Leaders Index Fund (FDL) available here: FDL.

FDL Ratings for May 20:

Term →Near Mid Long
Rating Neutral Strong Strong
P1 0 0 36.11
P2 39.1 39 37.63
P3 0 39.28 39.04
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AI Generated Signals for FDL

FDL Long Term Analysis for May 20 2024

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  First Trust Morningstar Dividend Leaders Index Fund (NYSE: FDL) data table below can help you with price action, and we have more details too. Trading plans for FDL 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.