When (PRN) Moves Investors should Listen
September 21, 2024, 16:50 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PRN
- Buy PRN near 148.4 target 157.58 stop loss @ 147.97 Details
The technical summary data tells us to buy PRN near 148.4 with an upside target of 157.58. This data also tells us to set a stop loss @ 147.97 to protect against excessive loss in case the stock begins to move against the trade. 148.4 is the first level of support below 151.31 , and by rule, any test of support is a buy signal. In this case, support 148.4 is being tested, a buy signal would exist.
- Short PRN slightly under 157.58, target 148.4, stop loss @ 158.04 Details
The technical summary data is suggesting a short of PRN as it gets near 157.58 with a downside target of 148.4. We should have a stop loss in place at 158.04though. 157.58 is the first level of resistance above 151.31, and by rule, any test of resistance is a short signal. In this case, if resistance 157.58 is being tested, a short signal would exist.
Swing Trading Plans for PRN
- Buy PRN slightly over 153.06, target 157.58, Stop Loss @ 152.62 Details
If 153.06 begins to break higher, the technical summary data tells us to buy PRN just slightly over 153.06, with an upside target of 157.58. The data also tells us to set a stop loss @ 152.62 in case the stock turns against the trade. 153.06 is the first level of resistance above 151.31, and by rule, any break above resistance is a buy signal. In this case, 153.06, 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 PRN slightly near 153.06, target 150.09, Stop Loss @ 153.5. Details
The technical summary data is suggesting a short of PRN if it tests 153.06 with a downside target of 150.09. We should have a stop loss in place at 153.5 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, 153.06, 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 PRN
- Buy PRN slightly over 152.62, target 153.06, Stop Loss @ 152.26 Details
If 152.62 begins to break higher, the technical summary data tells us to buy PRN just slightly over 152.62, with an upside target of 153.06. The data also tells us to set a stop loss @ 152.26 in case the stock turns against the trade. 152.62 is the first level of resistance above 151.31, and by rule, any break above resistance is a buy signal. In this case, 152.62, 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 PRN slightly near 152.62, target 151.06, Stop Loss @ 152.98. Details
The technical summary data is suggesting a short of PRN if it tests 152.62 with a downside target of 151.06. We should have a stop loss in place at 152.98 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, 152.62, 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 Invesco Dwa Industrials Momentum Etf (PRN) available here: PRN.
PRN Ratings for September 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
139.02 |
| P2 |
151.06 |
150.09 |
148.4 |
| P3 |
152.62 |
153.06 |
157.58 |
AI Generated Signals for PRN
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Invesco Dwa Industrials Momentum Etf (NYSE: PRN) report below is a real world example. Included are trading plans for PRN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PRN:
