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How the price action of Movado Group (MOV) is used to our Advantage

Longer Term Trading Plans for MOV
  • Buy MOV slightly over 31.02 target 34.29 stop loss @ 30.93 Details
  • The technical summary data tells us to buy MOV near 31.02 with an upside target of 34.29. This data also tells us to set a stop loss @ 30.93 to protect against excessive loss in case the stock begins to move against the trade. 31.02 is the first level of support below 34.14 , and by rule, any test of support is a buy signal. In this case, support 31.02 is being tested, a buy signal would exist.

  • Short MOV slightly under 34.29, target 31.02, stop loss @ 34.39 Details
  • The technical summary data is suggesting a short of MOV as it gets near 34.29 with a downside target of 31.02. We should have a stop loss in place at 34.39though. 34.29 is the first level of resistance above 34.14, and by rule, any test of resistance is a short signal. In this case, if resistance 34.29 is being tested, a short signal would exist.

Swing Trading Plans for MOV
  • Buy MOV slightly over 34.40, target 35.71, Stop Loss @ 34.3 Details
  • If 34.40 begins to break higher, the technical summary data tells us to buy MOV just slightly over 34.40, with an upside target of 35.71. The data also tells us to set a stop loss @ 34.3 in case the stock turns against the trade. 34.40 is the first level of resistance above 34.14, and by rule, any break above resistance is a buy signal. In this case, 34.40, 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 MOV slightly near 34.40, target 31.02, Stop Loss @ 34.5. Details
  • The technical summary data is suggesting a short of MOV if it tests 34.40 with a downside target of 31.02. We should have a stop loss in place at 34.5 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, 34.40, 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 MOV
  • Buy MOV slightly over 34.40, target 34.69, Stop Loss @ 34.32 Details
  • If 34.40 begins to break higher, the technical summary data tells us to buy MOV just slightly over 34.40, with an upside target of 34.69. The data also tells us to set a stop loss @ 34.32 in case the stock turns against the trade. 34.40 is the first level of resistance above 34.14, and by rule, any break above resistance is a buy signal. In this case, 34.40, 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 MOV slightly near 34.40, target 31.02, Stop Loss @ 34.48. Details
  • The technical summary data is suggesting a short of MOV if it tests 34.40 with a downside target of 31.02. We should have a stop loss in place at 34.48 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, 34.40, 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.

Real Time Updates are available on our  Movado Group (MOV) Page here: MOV.

MOV Ratings for January 30:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 27.95
P2 34.69 34.40 31.02
P3 35.46 35.71 34.29
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Support and Resistance Plot Chart for MOV

MOV Long Term Analysis for January 30 2023

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Movado Group (NYSE: MOV) data table below can help you with price action, and we have more details too. Trading plans for MOV are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.