Trading Ishares Russell 2000 Index $IWM With Integrated Risk Controls

May 31, 2023, 07:00 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IWM

• Buy IWM slightly over 168.14 target 179.53 stop loss @ 167.65 Details

The technical summary data tells us to buy IWM near 168.14 with an upside target of 179.53. This data also tells us to set a stop loss @ 167.65 to protect against excessive loss in case the stock begins to move against the trade. 168.14 is the first level of support below 175.08 , and by rule, any test of support is a buy signal. In this case, support 168.14 would be being tested, so a buy signal would exist.

• Short IWM slightly under 179.53, target 168.14, stop loss @ 180.05 Details

The technical summary data is suggesting a short of IWM as it gets near 179.53 with a downside target of 168.14. We should have a stop loss in place at 180.05though. 179.53 is the first level of resistance above 175.08, and by rule, any test of resistance is a short signal. In this case, if resistance 179.53 is being tested, so a short signal would exist.

Swing Trading Plans for IWM

• Buy IWM slightly over 178.83, target 179.53, Stop Loss @ 178.31 Details

If 178.83 begins to break higher, the technical summary data tells us to buy IWM just slightly over 178.83, with an upside target of 179.53. The data also tells us to set a stop loss @ 178.31 in case the stock turns against the trade. 178.83 is the first level of resistance above 175.08, and by rule, any break above resistance is a buy signal. In this case, 178.83, 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 IWM slightly near 178.83, target 174.53, Stop Loss @ 179.35. Details

The technical summary data is suggesting a short of IWM if it tests 178.83 with a downside target of 174.53. We should have a stop loss in place at 179.35 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, 178.83, 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 IWM

• Buy IWM slightly over 175.87, target 178.83, Stop Loss @ 175.46 Details

If 175.87 begins to break higher, the technical summary data tells us to buy IWM just slightly over 175.87, with an upside target of 178.83. The data also tells us to set a stop loss @ 175.46 in case the stock turns against the trade. 175.87 is the first level of resistance above 175.08, and by rule, any break above resistance is a buy signal. In this case, 175.87, 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 IWM slightly near 175.87, target 174.53, Stop Loss @ 176.28. Details

The technical summary data is suggesting a short of IWM if it tests 175.87 with a downside target of 174.53. We should have a stop loss in place at 176.28 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, 175.87, 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 Ishares Russell 2000 Index (IWM) available here: IWM.

IWM Ratings for May 31:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	168.14
P2	172.62	174.53	179.53
P3	175.87	178.83	190.68

AI Generated Signals for IWM

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Ishares Russell 2000 Index (NYSE: IWM) report below can help you, but we have more details too. The trading plans for IWM, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.