Emcor Group $EME Pivots Trading Plans and Risk Controls

June 02, 2023, 13:30 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EME

• Buy EME slightly over 171.36 target 183.20 stop loss @ 170.87 Details

The technical summary data tells us to buy EME near 171.36 with an upside target of 183.20. This data also tells us to set a stop loss @ 170.87 to protect against excessive loss in case the stock begins to move against the trade. 171.36 is the first level of support below 172.02 , and by rule, any test of support is a buy signal. In this case, support 171.36 is being tested, a buy signal would exist.

• Short EME slightly under 183.20, target 171.36, stop loss @ 183.73 Details

The technical summary data is suggesting a short of EME as it gets near 183.20 with a downside target of 171.36. We should have a stop loss in place at 183.73though. 183.20 is the first level of resistance above 172.02, and by rule, any test of resistance is a short signal. In this case, if resistance 183.20 is being tested, a short signal would exist.

Swing Trading Plans for EME

• Buy EME slightly over 183.20, target n/a, Stop Loss @ 182.67 Details

If 183.20 begins to break higher, the technical summary data tells us to buy EME just slightly over 183.20, with an upside target of n/a. The data also tells us to set a stop loss @ 182.67 in case the stock turns against the trade. 183.20 is the first level of resistance above 172.02, and by rule, any break above resistance is a buy signal. In this case, 183.20, 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 EME slightly near 183.20, target 171.36, Stop Loss @ 183.73. Details

The technical summary data is suggesting a short of EME if it tests 183.20 with a downside target of 171.36. We should have a stop loss in place at 183.73 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, 183.20, 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 EME

• Buy EME slightly over 183.20, target n/a, Stop Loss @ 182.77 Details

If 183.20 begins to break higher, the technical summary data tells us to buy EME just slightly over 183.20, with an upside target of n/a. The data also tells us to set a stop loss @ 182.77 in case the stock turns against the trade. 183.20 is the first level of resistance above 172.02, and by rule, any break above resistance is a buy signal. In this case, 183.20, 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 EME slightly near 183.20, target 171.44, Stop Loss @ 183.63. Details

The technical summary data is suggesting a short of EME if it tests 183.20 with a downside target of 171.44. We should have a stop loss in place at 183.63 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, 183.20, 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.

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EME Ratings for June 02:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	159.55
P2	165.08	164.44	171.36
P3	171.44	169.84	183.20

Support and Resistance Plot Chart for EME

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This Emcor Group (NYSE: EME) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EME 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 EME 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 EME too.  All of these are offered below the Summary Table.