Learn to Evaluate (DORM) using the Charts
October 21, 2024, 03:48 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DORM
- Buy DORM near 111.1 target 118.84 stop loss @ 110.78 Details
The technical summary data tells us to buy DORM near 111.1 with an upside target of 118.84. This data also tells us to set a stop loss @ 110.78 to protect against excessive loss in case the stock begins to move against the trade. 111.1 is the first level of support below 116.88 , and by rule, any test of support is a buy signal. In this case, support 111.1 is being tested, a buy signal would exist.
- Short DORM slightly under 118.84, target 111.1, stop loss @ 119.18 Details
The technical summary data is suggesting a short of DORM as it gets near 118.84 with a downside target of 111.1. We should have a stop loss in place at 119.18though. 118.84 is the first level of resistance above 116.88, and by rule, any test of resistance is a short signal. In this case, if resistance 118.84 is being tested, a short signal would exist.
Swing Trading Plans for DORM
- Buy DORM slightly over 118.84, target 120.46, Stop Loss @ 118.5 Details
If 118.84 begins to break higher, the technical summary data tells us to buy DORM just slightly over 118.84, with an upside target of 120.46. The data also tells us to set a stop loss @ 118.5 in case the stock turns against the trade. 118.84 is the first level of resistance above 116.88, and by rule, any break above resistance is a buy signal. In this case, 118.84, 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 DORM slightly near 118.84, target 116.81, Stop Loss @ 119.18. Details
The technical summary data is suggesting a short of DORM if it tests 118.84 with a downside target of 116.81. We should have a stop loss in place at 119.18 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, 118.84, 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.
Day Trading Plans for DORM
- Buy DORM slightly over 117.57, target 118.84, Stop Loss @ 117.3 Details
If 117.57 begins to break higher, the technical summary data tells us to buy DORM just slightly over 117.57, with an upside target of 118.84. The data also tells us to set a stop loss @ 117.3 in case the stock turns against the trade. 117.57 is the first level of resistance above 116.88, and by rule, any break above resistance is a buy signal. In this case, 117.57, 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 DORM slightly near 117.57, target 116.81, Stop Loss @ 117.84. Details
The technical summary data is suggesting a short of DORM if it tests 117.57 with a downside target of 116.81. We should have a stop loss in place at 117.84 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, 117.57, 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 Dorman Products Inc. (DORM) available here: DORM.
DORM Ratings for October 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
103.61 |
| P2 |
117.57 |
116.81 |
111.1 |
| P3 |
119.51 |
120.46 |
118.84 |
AI Generated Signals for DORM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Dorman Products Inc. (NASDAQ: DORM) report below can help you understand how to do this. The trading plans for DORM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DORM:
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