Learn to Evaluate (ARW) using the Charts
April 18, 2024, 11:04 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ARW
- Buy ARW slightly over 117.67 target 127.86 stop loss @ 117.33 Details
The technical summary data tells us to buy ARW near 117.67 with an upside target of 127.86. This data also tells us to set a stop loss @ 117.33 to protect against excessive loss in case the stock begins to move against the trade. 117.67 is the first level of support below 122.605 , and by rule, any test of support is a buy signal. In this case, support 117.67 is being tested, a buy signal would exist.
- Short ARW slightly under 127.86, target 117.67, stop loss @ 128.23 Details
The technical summary data is suggesting a short of ARW as it gets near 127.86 with a downside target of 117.67. We should have a stop loss in place at 128.23though. 127.86 is the first level of resistance above 122.605, and by rule, any test of resistance is a short signal. In this case, if resistance 127.86 is being tested, a short signal would exist.
Swing Trading Plans for ARW
- Buy ARW slightly over 124.83, target 127.86, Stop Loss @ 124.47 Details
If 124.83 begins to break higher, the technical summary data tells us to buy ARW just slightly over 124.83, with an upside target of 127.86. The data also tells us to set a stop loss @ 124.47 in case the stock turns against the trade. 124.83 is the first level of resistance above 122.605, and by rule, any break above resistance is a buy signal. In this case, 124.83, 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 ARW slightly near 124.83, target 122.07, Stop Loss @ 125.19. Details
The technical summary data is suggesting a short of ARW if it tests 124.83 with a downside target of 122.07. We should have a stop loss in place at 125.19 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, 124.83, 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 ARW
- Buy ARW slightly over 123.02, target 124.83, Stop Loss @ 122.73 Details
If 123.02 begins to break higher, the technical summary data tells us to buy ARW just slightly over 123.02, with an upside target of 124.83. The data also tells us to set a stop loss @ 122.73 in case the stock turns against the trade. 123.02 is the first level of resistance above 122.605, and by rule, any break above resistance is a buy signal. In this case, 123.02, 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 ARW slightly near 123.02, target 122.07, Stop Loss @ 123.31. Details
The technical summary data is suggesting a short of ARW if it tests 123.02 with a downside target of 122.07. We should have a stop loss in place at 123.31 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, 123.02, 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 Arrow Electronics Inc. (ARW) available here: ARW.
ARW Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
107.68 |
| P2 |
121.4 |
122.07 |
117.67 |
| P3 |
123.02 |
124.83 |
127.86 |
AI Generated Signals for ARW
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 Arrow Electronics Inc. (NYSE: ARW) report below can help you understand how to do this. The trading plans for ARW, 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 ARW:
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