Trading (FLS) With Integrated Risk Controls
December 22, 2024, 10:42 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FLS
- Buy FLS near 57.06 target 61.38 stop loss @ 56.9 Details
The technical summary data tells us to buy FLS near 57.06 with an upside target of 61.38. This data also tells us to set a stop loss @ 56.9 to protect against excessive loss in case the stock begins to move against the trade. 57.06 is the first level of support below 58.06 , and by rule, any test of support is a buy signal. In this case, support 57.06 is being tested, a buy signal would exist.
- Short FLS slightly under 61.38, target 57.06, stop loss @ 61.56 Details
The technical summary data is suggesting a short of FLS as it gets near 61.38 with a downside target of 57.06. We should have a stop loss in place at 61.56though. 61.38 is the first level of resistance above 58.06, and by rule, any test of resistance is a short signal. In this case, if resistance 61.38 is being tested, a short signal would exist.
Swing Trading Plans for FLS
- Buy FLS slightly over 59.79, target 61.38, Stop Loss @ 59.62 Details
If 59.79 begins to break higher, the technical summary data tells us to buy FLS just slightly over 59.79, with an upside target of 61.38. The data also tells us to set a stop loss @ 59.62 in case the stock turns against the trade. 59.79 is the first level of resistance above 58.06, and by rule, any break above resistance is a buy signal. In this case, 59.79, 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 FLS slightly near 59.79, target 57.96, Stop Loss @ 59.96. Details
The technical summary data is suggesting a short of FLS if it tests 59.79 with a downside target of 57.96. We should have a stop loss in place at 59.96 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, 59.79, 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 FLS
- Buy FLS slightly over 58.12, target 59.79, Stop Loss @ 57.98 Details
If 58.12 begins to break higher, the technical summary data tells us to buy FLS just slightly over 58.12, with an upside target of 59.79. The data also tells us to set a stop loss @ 57.98 in case the stock turns against the trade. 58.12 is the first level of resistance above 58.06, and by rule, any break above resistance is a buy signal. In this case, 58.12, 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 FLS slightly near 58.12, target 57.06, Stop Loss @ 58.26. Details
The technical summary data is suggesting a short of FLS if it tests 58.12 with a downside target of 57.06. We should have a stop loss in place at 58.26 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, 58.12, 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 Flowserve Corporation (FLS) available here: FLS.
FLS Ratings for December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
52.59 |
| P2 |
56.94 |
57.96 |
57.06 |
| P3 |
58.12 |
59.79 |
61.38 |
AI Generated Signals for FLS
Blue = Current Price
Red= Resistance
Green = Support
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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 Flowserve Corporation (NYSE: FLS) report below can help you, but we have more details too. The trading plans for FLS, 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.
Fundamental Charts for FLS:
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