When (FDM) Moves Investors should Listen
November 01, 2024, 10:40 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FDM
- Buy FDM near 64.12 target 67.1 stop loss @ 63.93 Details
The technical summary data tells us to buy FDM near 64.12 with an upside target of 67.1. This data also tells us to set a stop loss @ 63.93 to protect against excessive loss in case the stock begins to move against the trade. 64.12 is the first level of support below 64.5146 , and by rule, any test of support is a buy signal. In this case, support 64.12 is being tested, a buy signal would exist.
- Short FDM slightly under 67.1, target 64.12, stop loss @ 67.29 Details
The technical summary data is suggesting a short of FDM as it gets near 67.1 with a downside target of 64.12. We should have a stop loss in place at 67.29though. 67.1 is the first level of resistance above 64.5146, and by rule, any test of resistance is a short signal. In this case, if resistance 67.1 is being tested, a short signal would exist.
Swing Trading Plans for FDM
- Buy FDM slightly over 65.41, target 67.1, Stop Loss @ 65.22 Details
If 65.41 begins to break higher, the technical summary data tells us to buy FDM just slightly over 65.41, with an upside target of 67.1. The data also tells us to set a stop loss @ 65.22 in case the stock turns against the trade. 65.41 is the first level of resistance above 64.5146, and by rule, any break above resistance is a buy signal. In this case, 65.41, 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 FDM slightly near 65.41, target 64.12, Stop Loss @ 65.6. Details
The technical summary data is suggesting a short of FDM if it tests 65.41 with a downside target of 64.12. We should have a stop loss in place at 65.6 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, 65.41, 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 FDM
- Buy FDM slightly over 65.1, target 65.41, Stop Loss @ 64.95 Details
If 65.1 begins to break higher, the technical summary data tells us to buy FDM just slightly over 65.1, with an upside target of 65.41. The data also tells us to set a stop loss @ 64.95 in case the stock turns against the trade. 65.1 is the first level of resistance above 64.5146, and by rule, any break above resistance is a buy signal. In this case, 65.1, 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 FDM slightly near 65.1, target 64.12, Stop Loss @ 65.25. Details
The technical summary data is suggesting a short of FDM if it tests 65.1 with a downside target of 64.12. We should have a stop loss in place at 65.25 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, 65.1, 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 Dow Jones Select Microcap Index Fund (FDM) available here: FDM.
FDM Ratings for November 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
61.3 |
| P2 |
65.1 |
63.96 |
64.12 |
| P3 |
65.95 |
65.41 |
67.1 |
AI Generated Signals for FDM
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 First Trust Dow Jones Select Microcap Index Fund (NYSE: FDM) report below is a real world example. Included are trading plans for FDM, 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 FDM:
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