Trading (HEI) With Integrated Risk Controls

September 04, 2024, 09:18 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HEI

• Buy HEI slightly over 239.16 target 252.74 stop loss @ 238.47 Details

The technical summary data tells us to buy HEI near 239.16 with an upside target of 252.74. This data also tells us to set a stop loss @ 238.47 to protect against excessive loss in case the stock begins to move against the trade. 239.16 is the first level of support below 247.73 , and by rule, any test of support is a buy signal. In this case, support 239.16 is being tested, a buy signal would exist.

• Short HEI slightly under 252.74, target 239.16, stop loss @ 253.47 Details

The technical summary data is suggesting a short of HEI as it gets near 252.74 with a downside target of 239.16. We should have a stop loss in place at 253.47though. 252.74 is the first level of resistance above 247.73, and by rule, any test of resistance is a short signal. In this case, if resistance 252.74 is being tested, a short signal would exist.

Swing Trading Plans for HEI

• Buy HEI slightly over 251.51, target 252.74, Stop Loss @ 250.78 Details

If 251.51 begins to break higher, the technical summary data tells us to buy HEI just slightly over 251.51, with an upside target of 252.74. The data also tells us to set a stop loss @ 250.78 in case the stock turns against the trade. 251.51 is the first level of resistance above 247.73, and by rule, any break above resistance is a buy signal. In this case, 251.51, 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 HEI slightly near 251.51, target 239.16, Stop Loss @ 252.24. Details

The technical summary data is suggesting a short of HEI if it tests 251.51 with a downside target of 239.16. We should have a stop loss in place at 252.24 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, 251.51, 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 HEI

• Buy HEI slightly over 251.51, target 252.07, Stop Loss @ 250.92 Details

If 251.51 begins to break higher, the technical summary data tells us to buy HEI just slightly over 251.51, with an upside target of 252.07. The data also tells us to set a stop loss @ 250.92 in case the stock turns against the trade. 251.51 is the first level of resistance above 247.73, and by rule, any break above resistance is a buy signal. In this case, 251.51, 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 HEI slightly near 251.51, target 239.16, Stop Loss @ 252.1. Details

The technical summary data is suggesting a short of HEI if it tests 251.51 with a downside target of 239.16. We should have a stop loss in place at 252.1 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, 251.51, 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 Heico Corporation (HEI) available here: HEI.

HEI Ratings for September 04:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	226.51
P2	252.07	251.51	239.16
P3	260.27	259.17	252.74

AI Generated Signals for HEI

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Heico Corporation (NYSE: HEI) report below can help you, but we have more details too. The trading plans for HEI, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.