When (RTX) Moves Investors should Listen
September 16, 2024, 10:58 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RTX
- Buy RTX slightly over 117.07 target 122.22 stop loss @ 116.73 Details
The technical summary data tells us to buy RTX near 117.07 with an upside target of 122.22. This data also tells us to set a stop loss @ 116.73 to protect against excessive loss in case the stock begins to move against the trade. 117.07 is the first level of support below 118.785 , and by rule, any test of support is a buy signal. In this case, support 117.07 is being tested, a buy signal would exist.
- Short RTX slightly under 122.22, target 117.07, stop loss @ 122.57 Details
The technical summary data is suggesting a short of RTX as it gets near 122.22 with a downside target of 117.07. We should have a stop loss in place at 122.57though. 122.22 is the first level of resistance above 118.785, and by rule, any test of resistance is a short signal. In this case, if resistance 122.22 is being tested, a short signal would exist.
Swing Trading Plans for RTX
- Buy RTX slightly over 120.22, target 122.22, Stop Loss @ 119.87 Details
If 120.22 begins to break higher, the technical summary data tells us to buy RTX just slightly over 120.22, with an upside target of 122.22. The data also tells us to set a stop loss @ 119.87 in case the stock turns against the trade. 120.22 is the first level of resistance above 118.785, and by rule, any break above resistance is a buy signal. In this case, 120.22, 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 RTX slightly near 120.22, target 117.82, Stop Loss @ 120.57. Details
The technical summary data is suggesting a short of RTX if it tests 120.22 with a downside target of 117.82. We should have a stop loss in place at 120.57 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, 120.22, 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 RTX
- Buy RTX slightly over 119.84, target 120.22, Stop Loss @ 119.56 Details
If 119.84 begins to break higher, the technical summary data tells us to buy RTX just slightly over 119.84, with an upside target of 120.22. The data also tells us to set a stop loss @ 119.56 in case the stock turns against the trade. 119.84 is the first level of resistance above 118.785, and by rule, any break above resistance is a buy signal. In this case, 119.84, 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 RTX slightly near 119.84, target 118.28, Stop Loss @ 120.12. Details
The technical summary data is suggesting a short of RTX if it tests 119.84 with a downside target of 118.28. We should have a stop loss in place at 120.12 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, 119.84, 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 Rtx Corporation (RTX) available here: RTX.
RTX Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
111.82 |
| P2 |
118.28 |
117.82 |
117.07 |
| P3 |
119.84 |
120.22 |
122.22 |
AI Generated Signals for RTX
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 Rtx Corporation (NYSE: RTX) report below is a real world example. Included are trading plans for RTX, 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 RTX:
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