When (ED) Moves Investors should Listen
December 01, 2024, 02:04 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ED
- Buy ED near 96.37 target 101.64 stop loss @ 96.09 Details
The technical summary data tells us to buy ED near 96.37 with an upside target of 101.64. This data also tells us to set a stop loss @ 96.09 to protect against excessive loss in case the stock begins to move against the trade. 96.37 is the first level of support below 100.59 , and by rule, any test of support is a buy signal. In this case, support 96.37 would be being tested, so a buy signal would exist.
- Short ED slightly under 101.64, target 96.37, stop loss @ 101.93 Details
The technical summary data is suggesting a short of ED as it gets near 101.64 with a downside target of 96.37. We should have a stop loss in place at 101.93though. 101.64 is the first level of resistance above 100.59, and by rule, any test of resistance is a short signal. In this case, if resistance 101.64 is being tested, so a short signal would exist.
Swing Trading Plans for ED
- Buy ED slightly over 101.64, target 102.12, Stop Loss @ 101.35 Details
If 101.64 begins to break higher, the technical summary data tells us to buy ED just slightly over 101.64, with an upside target of 102.12. The data also tells us to set a stop loss @ 101.35 in case the stock turns against the trade. 101.64 is the first level of resistance above 100.59, and by rule, any break above resistance is a buy signal. In this case, 101.64, 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 ED slightly near 101.64, target 100.27, Stop Loss @ 101.93. Details
The technical summary data is suggesting a short of ED if it tests 101.64 with a downside target of 100.27. We should have a stop loss in place at 101.93 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, 101.64, 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 ED
- Buy ED slightly over 101.27, target 101.64, Stop Loss @ 101.03 Details
If 101.27 begins to break higher, the technical summary data tells us to buy ED just slightly over 101.27, with an upside target of 101.64. The data also tells us to set a stop loss @ 101.03 in case the stock turns against the trade. 101.27 is the first level of resistance above 100.59, and by rule, any break above resistance is a buy signal. In this case, 101.27, 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 ED slightly near 101.27, target 100.27, Stop Loss @ 101.51. Details
The technical summary data is suggesting a short of ED if it tests 101.27 with a downside target of 100.27. We should have a stop loss in place at 101.51 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, 101.27, 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 Consolidated Edison Inc. (ED) available here: ED.
ED Ratings for December 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
96.37 |
| P2 |
101.27 |
100.27 |
101.64 |
| P3 |
102.93 |
102.12 |
107.09 |
AI Generated Signals for ED
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 Consolidated Edison Inc. (NYSE: ED) report below is a real world example. Included are trading plans for ED, 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 ED:
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