(EXAS) Investment Analysis

February 20, 2024, 02:54 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EXAS

• Buy EXAS slightly over 55.97 target 69.66 stop loss @ 55.81 Details

The technical summary data tells us to buy EXAS near 55.97 with an upside target of 69.66. This data also tells us to set a stop loss @ 55.81 to protect against excessive loss in case the stock begins to move against the trade. 55.97 is the first level of support below 60.97 , and by rule, any test of support is a buy signal. In this case, support 55.97 would be being tested, so a buy signal would exist.

• Short EXAS slightly under 69.66, target 55.97, stop loss @ 69.86 Details

The technical summary data is suggesting a short of EXAS as it gets near 69.66 with a downside target of 55.97. We should have a stop loss in place at 69.86though. 69.66 is the first level of resistance above 60.97, and by rule, any test of resistance is a short signal. In this case, if resistance 69.66 is being tested, so a short signal would exist.

Swing Trading Plans for EXAS

• Buy EXAS slightly over 61.25, target 69.66, Stop Loss @ 61.07 Details

If 61.25 begins to break higher, the technical summary data tells us to buy EXAS just slightly over 61.25, with an upside target of 69.66. The data also tells us to set a stop loss @ 61.07 in case the stock turns against the trade. 61.25 is the first level of resistance above 60.97, and by rule, any break above resistance is a buy signal. In this case, 61.25, 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 EXAS slightly near 61.25, target 58.81, Stop Loss @ 61.43. Details

The technical summary data is suggesting a short of EXAS if it tests 61.25 with a downside target of 58.81. We should have a stop loss in place at 61.43 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, 61.25, 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 EXAS

• Buy EXAS slightly over 61.25, target 62.11, Stop Loss @ 61.11 Details

If 61.25 begins to break higher, the technical summary data tells us to buy EXAS just slightly over 61.25, with an upside target of 62.11. The data also tells us to set a stop loss @ 61.11 in case the stock turns against the trade. 61.25 is the first level of resistance above 60.97, and by rule, any break above resistance is a buy signal. In this case, 61.25, 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 EXAS slightly near 61.25, target 60.26, Stop Loss @ 61.39. Details

The technical summary data is suggesting a short of EXAS if it tests 61.25 with a downside target of 60.26. We should have a stop loss in place at 61.39 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, 61.25, 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 Exact Sciences Corporation (EXAS) available here: EXAS.

EXAS Ratings for February 20:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	55.97
P2	60.26	58.81	69.66
P3	62.11	61.25	83.61

AI Generated Signals for EXAS

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With an objective approach to Exact Sciences Corporation (NASDAQ: EXAS), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EXAS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EXAS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for EXAS too.  All of these are offered below the Summary Table.