How the (ITT) price action is used to our Advantage
November 09, 2024, 22:08 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ITT
- Buy ITT near 146.31 target 155.42 stop loss @ 145.89 Details
The technical summary data tells us to buy ITT near 146.31 with an upside target of 155.42. This data also tells us to set a stop loss @ 145.89 to protect against excessive loss in case the stock begins to move against the trade. 146.31 is the first level of support below 153.05 , and by rule, any test of support is a buy signal. In this case, support 146.31 is being tested, a buy signal would exist.
- Short ITT slightly under 155.42, target 146.31, stop loss @ 155.87 Details
The technical summary data is suggesting a short of ITT as it gets near 155.42 with a downside target of 146.31. We should have a stop loss in place at 155.87though. 155.42 is the first level of resistance above 153.05, and by rule, any test of resistance is a short signal. In this case, if resistance 155.42 is being tested, a short signal would exist.
Swing Trading Plans for ITT
- Buy ITT slightly over 155.42, target n/a, Stop Loss @ 154.97 Details
If 155.42 begins to break higher, the technical summary data tells us to buy ITT just slightly over 155.42, with an upside target of n/a. The data also tells us to set a stop loss @ 154.97 in case the stock turns against the trade. 155.42 is the first level of resistance above 153.05, and by rule, any break above resistance is a buy signal. In this case, 155.42, 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 ITT slightly near 155.42, target 151.06, Stop Loss @ 155.87. Details
The technical summary data is suggesting a short of ITT if it tests 155.42 with a downside target of 151.06. We should have a stop loss in place at 155.87 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, 155.42, 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 ITT
- Buy ITT slightly over 155.42, target 155.96, Stop Loss @ 155.06 Details
If 155.42 begins to break higher, the technical summary data tells us to buy ITT just slightly over 155.42, with an upside target of 155.96. The data also tells us to set a stop loss @ 155.06 in case the stock turns against the trade. 155.42 is the first level of resistance above 153.05, and by rule, any break above resistance is a buy signal. In this case, 155.42, 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 ITT slightly near 155.42, target 151.51, Stop Loss @ 155.78. Details
The technical summary data is suggesting a short of ITT if it tests 155.42 with a downside target of 151.51. We should have a stop loss in place at 155.78 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, 155.42, 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 Itt Inc. (ITT) available here: ITT.
ITT Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
136.75 |
| P2 |
151.51 |
143.93 |
146.31 |
| P3 |
155.96 |
151.06 |
155.42 |
AI Generated Signals for ITT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Itt Inc. (NYSE: ITT) data table below can help you with price action, and we have more details too. Trading plans for ITT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ITT:
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