Learn to Evaluate Dycom Industries ($DY) using the Charts
June 02, 2023, 11:00 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DY
- Buy DY slightly over 93.52 target 105.85 stop loss @ 93.25 Details
The technical summary data tells us to buy DY near 93.52 with an upside target of 105.85. This data also tells us to set a stop loss @ 93.25 to protect against excessive loss in case the stock begins to move against the trade. 93.52 is the first level of support below 105.44 , and by rule, any test of support is a buy signal. In this case, support 93.52 is being tested, a buy signal would exist.
- Short DY slightly under 105.85, target 93.52, stop loss @ 106.16 Details
The technical summary data is suggesting a short of DY as it gets near 105.85 with a downside target of 93.52. We should have a stop loss in place at 106.16though. 105.85 is the first level of resistance above 105.44, and by rule, any test of resistance is a short signal. In this case, if resistance 105.85 is being tested, a short signal would exist.
Swing Trading Plans for DY
- Buy DY slightly over 105.85, target n/a, Stop Loss @ 105.54 Details
If 105.85 begins to break higher, the technical summary data tells us to buy DY just slightly over 105.85, with an upside target of n/a. The data also tells us to set a stop loss @ 105.54 in case the stock turns against the trade. 105.85 is the first level of resistance above 105.44, and by rule, any break above resistance is a buy signal. In this case, 105.85, 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 DY slightly near 105.85, target 105.23, Stop Loss @ 106.16. Details
The technical summary data is suggesting a short of DY if it tests 105.85 with a downside target of 105.23. We should have a stop loss in place at 106.16 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, 105.85, 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 DY
- Buy DY slightly over 105.85, target 106.39, Stop Loss @ 105.6 Details
If 105.85 begins to break higher, the technical summary data tells us to buy DY just slightly over 105.85, with an upside target of 106.39. The data also tells us to set a stop loss @ 105.6 in case the stock turns against the trade. 105.85 is the first level of resistance above 105.44, and by rule, any break above resistance is a buy signal. In this case, 105.85, 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 DY slightly near 105.85, target 105.23, Stop Loss @ 106.1. Details
The technical summary data is suggesting a short of DY if it tests 105.85 with a downside target of 105.23. We should have a stop loss in place at 106.1 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, 105.85, 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 Dycom Industries (DY) available here: DY.
DY Ratings for June 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
81.82 |
| P2 |
101.08 |
99.97 |
93.52 |
| P3 |
106.39 |
105.23 |
105.85 |
AI Generated Signals for DY
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Dycom Industries (NYSE: DY) report below can help you understand how to do this. The trading plans for DY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DY:
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