When Spdr S&p Oil & Gas Equipment & (XES) Moves Investors should Listen

August 12, 2022, 21:00 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Spdr S&p Oil & Gas Equipment & (NYSE: XES) report below is a real world example. Included are trading plans for XES, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for XES

• Buy XES slightly over 58.79 target 69.91 stop loss @ 58.62 Details

The technical summary data tells us to buy XES near 58.79 with an upside target of 69.91. This data also tells us to set a stop loss @ 58.62 to protect against excessive loss in case the stock begins to move against the trade. 58.79 is the first level of support below 64.18 , and by rule, any test of support is a buy signal. In this case, support 58.79 would be being tested, so a buy signal would exist.

• Short XES under 69.91, target 58.79, stop loss @ 70.11 Details

The technical summary data is suggesting a short of XES as it gets near 69.91 with a downside target of 58.79. We should have a stop loss in place at 70.11though. 69.91 is the first level of resistance above 64.18, and by rule, any test of resistance is a short signal. In this case, if resistance 69.91 is being tested, so a short signal would exist.

Swing Trading Plans for XES

• Buy XES slightly over 69.91, target 81.39, Stop Loss @ 69.71 Details

If 69.91 begins to break higher, the technical summary data tells us to buy XES just slightly over 69.91, with an upside target of 81.39. The data also tells us to set a stop loss @ 69.71 in case the stock turns against the trade. 69.91 is the first level of resistance above 64.18, and by rule, any break above resistance is a buy signal. In this case, 69.91, 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 XES near 69.91, target 63.34, Stop Loss @ 70.11. Details

The technical summary data is suggesting a short of XES if it tests 69.91 with a downside target of 63.34. We should have a stop loss in place at 70.11 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, 69.91, 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 XES

• Buy XES slightly over 69.91, target 81.39, Stop Loss @ 69.75 Details

If 69.91 begins to break higher, the technical summary data tells us to buy XES just slightly over 69.91, with an upside target of 81.39. The data also tells us to set a stop loss @ 69.75 in case the stock turns against the trade. 69.91 is the first level of resistance above 64.18, and by rule, any break above resistance is a buy signal. In this case, 69.91, 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 XES near 69.91, target 63.34, Stop Loss @ 70.07. Details

The technical summary data is suggesting a short of XES if it tests 69.91 with a downside target of 63.34. We should have a stop loss in place at 70.07 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, 69.91, 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.

XES Ratings for August 12:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	58.79
P2	59.34	59.36	69.91
P3	61.83	63.34	81.39

Support and Resistance Plot Chart for XES

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