(IRM) Proactive Strategies

November 02, 2024, 10:56 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IRM

• Buy IRM near 117.29 target 126.28 stop loss @ 116.95 Details

The technical summary data tells us to buy IRM near 117.29 with an upside target of 126.28. This data also tells us to set a stop loss @ 116.95 to protect against excessive loss in case the stock begins to move against the trade. 117.29 is the first level of support below 121.16 , and by rule, any test of support is a buy signal. In this case, support 117.29 is being tested, a buy signal would exist.

• Short IRM slightly under 126.28, target 117.29, stop loss @ 126.64 Details

The technical summary data is suggesting a short of IRM as it gets near 126.28 with a downside target of 117.29. We should have a stop loss in place at 126.64though. 126.28 is the first level of resistance above 121.16, and by rule, any test of resistance is a short signal. In this case, if resistance 126.28 is being tested, a short signal would exist.

Swing Trading Plans for IRM

• Buy IRM slightly over 126.28, target 126.89, Stop Loss @ 125.92 Details

If 126.28 begins to break higher, the technical summary data tells us to buy IRM just slightly over 126.28, with an upside target of 126.89. The data also tells us to set a stop loss @ 125.92 in case the stock turns against the trade. 126.28 is the first level of resistance above 121.16, and by rule, any break above resistance is a buy signal. In this case, 126.28, 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 IRM slightly near 126.28, target 117.29, Stop Loss @ 126.64. Details

The technical summary data is suggesting a short of IRM if it tests 126.28 with a downside target of 117.29. We should have a stop loss in place at 126.64 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, 126.28, 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 IRM

• Buy IRM slightly over 125.56, target 126.28, Stop Loss @ 125.27 Details

If 125.56 begins to break higher, the technical summary data tells us to buy IRM just slightly over 125.56, with an upside target of 126.28. The data also tells us to set a stop loss @ 125.27 in case the stock turns against the trade. 125.56 is the first level of resistance above 121.16, and by rule, any break above resistance is a buy signal. In this case, 125.56, 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 IRM slightly near 125.56, target 117.29, Stop Loss @ 125.85. Details

The technical summary data is suggesting a short of IRM if it tests 125.56 with a downside target of 117.29. We should have a stop loss in place at 125.85 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, 125.56, 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 Iron Mountain Incorporated (delaware)common Stock Reit (IRM) available here: IRM.

IRM Ratings for November 02:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	108.55
P2	125.56	126.89	117.29
P3	127.22	130.17	126.28

AI Generated Signals for IRM

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Don't over think it!  Trading Iron Mountain Incorporated (delaware)common Stock Reit (NYSE: IRM) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IRM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IRM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IRM too.  All of these are offered below the Summary Table.