How to Take Advantage of moves in (XHS)

July 05, 2024, 16:14 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XHS

• Buy XHS slightly over 85.12 target 90.05 stop loss @ 84.87 Details

The technical summary data tells us to buy XHS near 85.12 with an upside target of 90.05. This data also tells us to set a stop loss @ 84.87 to protect against excessive loss in case the stock begins to move against the trade. 85.12 is the first level of support below 88.8292 , and by rule, any test of support is a buy signal. In this case, support 85.12 would be being tested, so a buy signal would exist.

• Short XHS slightly under 90.05, target 85.12, stop loss @ 90.31 Details

The technical summary data is suggesting a short of XHS as it gets near 90.05 with a downside target of 85.12. We should have a stop loss in place at 90.31though. 90.05 is the first level of resistance above 88.8292, and by rule, any test of resistance is a short signal. In this case, if resistance 90.05 is being tested, so a short signal would exist.

Swing Trading Plans for XHS

• Buy XHS slightly over 89.74, target 90.05, Stop Loss @ 89.48 Details

If 89.74 begins to break higher, the technical summary data tells us to buy XHS just slightly over 89.74, with an upside target of 90.05. The data also tells us to set a stop loss @ 89.48 in case the stock turns against the trade. 89.74 is the first level of resistance above 88.8292, and by rule, any break above resistance is a buy signal. In this case, 89.74, 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 XHS slightly near 89.74, target 88.82, Stop Loss @ 90. Details

The technical summary data is suggesting a short of XHS if it tests 89.74 with a downside target of 88.82. We should have a stop loss in place at 90 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, 89.74, 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 XHS

• Buy XHS slightly over 88.91, target 89.74, Stop Loss @ 88.7 Details

If 88.91 begins to break higher, the technical summary data tells us to buy XHS just slightly over 88.91, with an upside target of 89.74. The data also tells us to set a stop loss @ 88.7 in case the stock turns against the trade. 88.91 is the first level of resistance above 88.8292, and by rule, any break above resistance is a buy signal. In this case, 88.91, 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 XHS slightly near 88.91, target 85.12, Stop Loss @ 89.12. Details

The technical summary data is suggesting a short of XHS if it tests 88.91 with a downside target of 85.12. We should have a stop loss in place at 89.12 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, 88.91, 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 Spdr S&p Health Care Services Etf (XHS) available here: XHS.

XHS Ratings for July 05:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	85.12
P2	88.91	88.82	90.05
P3	89.55	89.74	94.82

AI Generated Signals for XHS

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This Spdr S&p Health Care Services Etf (NYSE: XHS) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XHS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XHS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for XHS too.  All of these are offered below the Summary Table.