When the Price of (DHR) Talks, People Listen

April 08, 2024, 16:26 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DHR

• Buy DHR slightly over 241.31 target 257.82 stop loss @ 240.61 Details

The technical summary data tells us to buy DHR near 241.31 with an upside target of 257.82. This data also tells us to set a stop loss @ 240.61 to protect against excessive loss in case the stock begins to move against the trade. 241.31 is the first level of support below 244.25 , and by rule, any test of support is a buy signal. In this case, support 241.31 is being tested, a buy signal would exist.

• Short DHR slightly under 257.82, target 241.31, stop loss @ 258.56 Details

The technical summary data is suggesting a short of DHR as it gets near 257.82 with a downside target of 241.31. We should have a stop loss in place at 258.56though. 257.82 is the first level of resistance above 244.25, and by rule, any test of resistance is a short signal. In this case, if resistance 257.82 is being tested, a short signal would exist.

Swing Trading Plans for DHR

• Buy DHR slightly over 246.22, target 257.82, Stop Loss @ 245.51 Details

If 246.22 begins to break higher, the technical summary data tells us to buy DHR just slightly over 246.22, with an upside target of 257.82. The data also tells us to set a stop loss @ 245.51 in case the stock turns against the trade. 246.22 is the first level of resistance above 244.25, and by rule, any break above resistance is a buy signal. In this case, 246.22, 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 DHR slightly near 246.22, target 241.63, Stop Loss @ 246.93. Details

The technical summary data is suggesting a short of DHR if it tests 246.22 with a downside target of 241.63. We should have a stop loss in place at 246.93 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, 246.22, 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 DHR

• Buy DHR slightly over 245.48, target 246.22, Stop Loss @ 244.91 Details

If 245.48 begins to break higher, the technical summary data tells us to buy DHR just slightly over 245.48, with an upside target of 246.22. The data also tells us to set a stop loss @ 244.91 in case the stock turns against the trade. 245.48 is the first level of resistance above 244.25, and by rule, any break above resistance is a buy signal. In this case, 245.48, 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 DHR slightly near 245.48, target 242.82, Stop Loss @ 246.05. Details

The technical summary data is suggesting a short of DHR if it tests 245.48 with a downside target of 242.82. We should have a stop loss in place at 246.05 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, 245.48, 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 Danaher Corporation (DHR) available here: DHR.

DHR Ratings for April 08:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	223.88
P2	242.82	241.63	241.31
P3	245.48	246.22	257.82

AI Generated Signals for DHR

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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 Danaher Corporation (NYSE: DHR) 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 DHR 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.