When the Price of Powershares Dwa Momentum Portfolio $PDP Talks, People Listen
September 20, 2023, 05:00 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PDP
- Buy PDP slightly over 77.13 target 79.84 stop loss @ 76.91 Details
The technical summary data tells us to buy PDP near 77.13 with an upside target of 79.84. This data also tells us to set a stop loss @ 76.91 to protect against excessive loss in case the stock begins to move against the trade. 77.13 is the first level of support below 79.12 , and by rule, any test of support is a buy signal. In this case, support 77.13 would be being tested, so a buy signal would exist.
- Short PDP slightly under 79.84, target 77.13, stop loss @ 80.07 Details
The technical summary data is suggesting a short of PDP as it gets near 79.84 with a downside target of 77.13. We should have a stop loss in place at 80.07though. 79.84 is the first level of resistance above 79.12, and by rule, any test of resistance is a short signal. In this case, if resistance 79.84 is being tested, so a short signal would exist.
Swing Trading Plans for PDP
- Buy PDP slightly over 79.23, target 79.84, Stop Loss @ 79 Details
If 79.23 begins to break higher, the technical summary data tells us to buy PDP just slightly over 79.23, with an upside target of 79.84. The data also tells us to set a stop loss @ 79 in case the stock turns against the trade. 79.23 is the first level of resistance above 79.12, and by rule, any break above resistance is a buy signal. In this case, 79.23, 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 PDP slightly near 79.23, target 78.60, Stop Loss @ 79.46. Details
The technical summary data is suggesting a short of PDP if it tests 79.23 with a downside target of 78.60. We should have a stop loss in place at 79.46 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, 79.23, 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 PDP
- Buy PDP slightly over 79.25, target 79.84, Stop Loss @ 79.07 Details
If 79.25 begins to break higher, the technical summary data tells us to buy PDP just slightly over 79.25, with an upside target of 79.84. The data also tells us to set a stop loss @ 79.07 in case the stock turns against the trade. 79.25 is the first level of resistance above 79.12, and by rule, any break above resistance is a buy signal. In this case, 79.25, 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 PDP slightly near 79.25, target 78.65, Stop Loss @ 79.43. Details
The technical summary data is suggesting a short of PDP if it tests 79.25 with a downside target of 78.65. We should have a stop loss in place at 79.43 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, 79.25, 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 Powershares Dwa Momentum Portfolio (PDP) available here: PDP.
PDP Ratings for September 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
77.13 |
| P2 |
78.65 |
78.60 |
79.84 |
| P3 |
79.25 |
79.23 |
82.61 |
AI Generated Signals for PDP
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Powershares Dwa Momentum Portfolio (NYSE: PDP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for PDP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PDP:
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