When the Price of (ITT) Talks, People Listen

February 28, 2024, 04:50 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ITT

• Buy ITT slightly over 120.55 target 127.29 stop loss @ 120.2 Details

The technical summary data tells us to buy ITT near 120.55 with an upside target of 127.29. This data also tells us to set a stop loss @ 120.2 to protect against excessive loss in case the stock begins to move against the trade. 120.55 is the first level of support below 125.01 , and by rule, any test of support is a buy signal. In this case, support 120.55 is being tested, a buy signal would exist.

• Short ITT slightly under 127.29, target 120.55, stop loss @ 127.66 Details

The technical summary data is suggesting a short of ITT as it gets near 127.29 with a downside target of 120.55. We should have a stop loss in place at 127.66though. 127.29 is the first level of resistance above 125.01, and by rule, any test of resistance is a short signal. In this case, if resistance 127.29 is being tested, a short signal would exist.

Swing Trading Plans for ITT

• Buy ITT slightly over 126.66, target 127.29, Stop Loss @ 126.29 Details

If 126.66 begins to break higher, the technical summary data tells us to buy ITT just slightly over 126.66, with an upside target of 127.29. The data also tells us to set a stop loss @ 126.29 in case the stock turns against the trade. 126.66 is the first level of resistance above 125.01, and by rule, any break above resistance is a buy signal. In this case, 126.66, 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 ITT slightly near 126.66, target 123.91, Stop Loss @ 127.03. Details

The technical summary data is suggesting a short of ITT if it tests 126.66 with a downside target of 123.91. We should have a stop loss in place at 127.03 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, 126.66, 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 ITT

• Buy ITT slightly over 126.66, target 127.29, Stop Loss @ 126.36 Details

If 126.66 begins to break higher, the technical summary data tells us to buy ITT just slightly over 126.66, with an upside target of 127.29. The data also tells us to set a stop loss @ 126.36 in case the stock turns against the trade. 126.66 is the first level of resistance above 125.01, and by rule, any break above resistance is a buy signal. In this case, 126.66, 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 ITT slightly near 126.66, target 124.82, Stop Loss @ 126.96. Details

The technical summary data is suggesting a short of ITT if it tests 126.66 with a downside target of 124.82. We should have a stop loss in place at 126.96 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, 126.66, 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 Itt Inc. (ITT) available here: ITT.

ITT Ratings for February 28:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	113.75
P2	124.82	123.91	120.55
P3	126.65	126.66	127.29

AI Generated Signals for ITT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Itt Inc. (NYSE: ITT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ITT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.