When Perrigo Company Plc (PRGO) Moves Investors should Listen

May 19, 2022, 19:00 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Perrigo Company Plc (NASDAQ: PRGO) report below is a real world example. Included are trading plans for PRGO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for PRGO

• Buy PRGO slightly over 36.17 target 39.76 stop loss @ 36.07 Details

The technical summary data tells us to buy PRGO near 36.17 with an upside target of 39.76. This data also tells us to set a stop loss @ 36.07 to protect against excessive loss in case the stock begins to move against the trade. 36.17 is the first level of support below 37.58 , and by rule, any test of support is a buy signal. In this case, support 36.17 is being tested, a buy signal would exist.

• Short PRGO under 39.76, target 36.17, stop loss @ 39.87 Details

The technical summary data is suggesting a short of PRGO as it gets near 39.76 with a downside target of 36.17. We should have a stop loss in place at 39.87though. 39.76 is the first level of resistance above 37.58, and by rule, any test of resistance is a short signal. In this case, if resistance 39.76 is being tested, a short signal would exist.

Swing Trading Plans for PRGO

• Buy PRGO slightly over 39.10, target 39.76, Stop Loss @ 38.99 Details

If 39.10 begins to break higher, the technical summary data tells us to buy PRGO just slightly over 39.10, with an upside target of 39.76. The data also tells us to set a stop loss @ 38.99 in case the stock turns against the trade. 39.10 is the first level of resistance above 37.58, and by rule, any break above resistance is a buy signal. In this case, 39.10, 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 PRGO near 39.10, target 36.17, Stop Loss @ 39.21. Details

The technical summary data is suggesting a short of PRGO if it tests 39.10 with a downside target of 36.17. We should have a stop loss in place at 39.21 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, 39.10, 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 PRGO

• Buy PRGO slightly over 37.91, target 39.10, Stop Loss @ 37.82 Details

If 37.91 begins to break higher, the technical summary data tells us to buy PRGO just slightly over 37.91, with an upside target of 39.10. The data also tells us to set a stop loss @ 37.82 in case the stock turns against the trade. 37.91 is the first level of resistance above 37.58, and by rule, any break above resistance is a buy signal. In this case, 37.91, 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 PRGO near 37.91, target 36.17, Stop Loss @ 38. Details

The technical summary data is suggesting a short of PRGO if it tests 37.91 with a downside target of 36.17. We should have a stop loss in place at 38 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, 37.91, 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.

PRGO Ratings for May 19:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	32.74
P2	37.91	35.28	36.17
P3	41.19	39.10	39.76

Support and Resistance Plot Chart for PRGO

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