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Trading First Midwest Bancorp FMBI With Integrated Risk Controls

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The First Midwest Bancorp (NASDAQ: FMBI) report below can help you, but we have more details too. The trading plans for FMBI, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for FMBI
  • Buy FMBI slightly over 18.05 target 20.20 stop loss @ 18 Details
  • The technical summary data tells us to buy FMBI near 18.05 with an upside target of 20.20. This data also tells us to set a stop loss @ 18 to protect against excessive loss in case the stock begins to move against the trade. 18.05 is the first level of support below 19.83 , and by rule, any test of support is a buy signal. In this case, support 18.05 would be being tested, so a buy signal would exist.

  • Short FMBI under 20.20, target 18.05, stop loss @ 20.26 Details
  • The technical summary data is suggesting a short of FMBI as it gets near 20.20 with a downside target of 18.05. We should have a stop loss in place at 20.26though. 20.20 is the first level of resistance above 19.83, and by rule, any test of resistance is a short signal. In this case, if resistance 20.20 is being tested, so a short signal would exist.

Swing Trading Plans for FMBI
  • Buy FMBI slightly over 20.20, target 22.51, Stop Loss @ 20.14 Details
  • If 20.20 begins to break higher, the technical summary data tells us to buy FMBI just slightly over 20.20, with an upside target of 22.51. The data also tells us to set a stop loss @ 20.14 in case the stock turns against the trade. 20.20 is the first level of resistance above 19.83, and by rule, any break above resistance is a buy signal. In this case, 20.20, 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 FMBI near 20.20, target 19.51, Stop Loss @ 20.26. Details
  • The technical summary data is suggesting a short of FMBI if it tests 20.20 with a downside target of 19.51. We should have a stop loss in place at 20.26 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, 20.20, 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 FMBI
  • Buy FMBI slightly over 20.20, target 22.51, Stop Loss @ 20.15 Details
  • If 20.20 begins to break higher, the technical summary data tells us to buy FMBI just slightly over 20.20, with an upside target of 22.51. The data also tells us to set a stop loss @ 20.15 in case the stock turns against the trade. 20.20 is the first level of resistance above 19.83, and by rule, any break above resistance is a buy signal. In this case, 20.20, 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 FMBI near 20.20, target 19.63, Stop Loss @ 20.25. Details
  • The technical summary data is suggesting a short of FMBI if it tests 20.20 with a downside target of 19.63. We should have a stop loss in place at 20.25 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, 20.20, 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.

FMBI Ratings for December 17:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 0 0 18.05
P2 19.63 19.51 20.20
P3 19.94 20.01 22.51
Triggers may have already come
Support and Resistance Plot Chart for FMBI

FMBI Long Term Analysis for December 17 2021

Blue = Current Price
Red= Resistance
Green = Support

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