When Ishares Transportation Average Etf ($IYT) Moves Investors should Listen
May 06, 2023, 02:00 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IYT
- Buy IYT slightly over 214.45 target 233.62 stop loss @ 213.83 Details
The technical summary data tells us to buy IYT near 214.45 with an upside target of 233.62. This data also tells us to set a stop loss @ 213.83 to protect against excessive loss in case the stock begins to move against the trade. 214.45 is the first level of support below 227.7 , and by rule, any test of support is a buy signal. In this case, support 214.45 is being tested, a buy signal would exist.
- Short IYT slightly under 233.62, target 214.45, stop loss @ 234.29 Details
The technical summary data is suggesting a short of IYT as it gets near 233.62 with a downside target of 214.45. We should have a stop loss in place at 234.29though. 233.62 is the first level of resistance above 227.7, and by rule, any test of resistance is a short signal. In this case, if resistance 233.62 is being tested, a short signal would exist.
Swing Trading Plans for IYT
- Buy IYT slightly over 233.62, target n/a, Stop Loss @ 232.95 Details
If 233.62 begins to break higher, the technical summary data tells us to buy IYT just slightly over 233.62, with an upside target of n/a. The data also tells us to set a stop loss @ 232.95 in case the stock turns against the trade. 233.62 is the first level of resistance above 227.7, and by rule, any break above resistance is a buy signal. In this case, 233.62, 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 IYT slightly near 233.62, target 227.02, Stop Loss @ 234.29. Details
The technical summary data is suggesting a short of IYT if it tests 233.62 with a downside target of 227.02. We should have a stop loss in place at 234.29 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, 233.62, 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.
Day Trading Plans for IYT
- Buy IYT slightly over 230.39, target 233.62, Stop Loss @ 229.85 Details
If 230.39 begins to break higher, the technical summary data tells us to buy IYT just slightly over 230.39, with an upside target of 233.62. The data also tells us to set a stop loss @ 229.85 in case the stock turns against the trade. 230.39 is the first level of resistance above 227.7, and by rule, any break above resistance is a buy signal. In this case, 230.39, 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 IYT slightly near 230.39, target 227.02, Stop Loss @ 230.93. Details
The technical summary data is suggesting a short of IYT if it tests 230.39 with a downside target of 227.02. We should have a stop loss in place at 230.93 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, 230.39, 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 Transportation Average Etf (IYT) available here: IYT.
IYT Ratings for May 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
195.46 |
| P2 |
225.27 |
216.99 |
214.45 |
| P3 |
230.39 |
227.02 |
233.62 |
AI Generated Signals for IYT
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 Ishares Transportation Average Etf (NYSE: IYT) report below is a real world example. Included are trading plans for IYT, 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 IYT:
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