Trading (IGT) With Integrated Risk Controls
June 28, 2024, 23:10 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IGT
- Buy IGT slightly over 19.52 target 21.4 stop loss @ 19.46 Details
The technical summary data tells us to buy IGT near 19.52 with an upside target of 21.4. This data also tells us to set a stop loss @ 19.46 to protect against excessive loss in case the stock begins to move against the trade. 19.52 is the first level of support below 20.46 , and by rule, any test of support is a buy signal. In this case, support 19.52 is being tested, a buy signal would exist.
- Short IGT slightly under 21.4, target 19.52, stop loss @ 21.46 Details
The technical summary data is suggesting a short of IGT as it gets near 21.4 with a downside target of 19.52. We should have a stop loss in place at 21.46though. 21.4 is the first level of resistance above 20.46, and by rule, any test of resistance is a short signal. In this case, if resistance 21.4 is being tested, a short signal would exist.
Swing Trading Plans for IGT
- Buy IGT slightly over 21.4, target n/a, Stop Loss @ 21.34 Details
If 21.4 begins to break higher, the technical summary data tells us to buy IGT just slightly over 21.4, with an upside target of n/a. The data also tells us to set a stop loss @ 21.34 in case the stock turns against the trade. 21.4 is the first level of resistance above 20.46, and by rule, any break above resistance is a buy signal. In this case, 21.4, 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 IGT slightly near 21.4, target 20.24, Stop Loss @ 21.46. Details
The technical summary data is suggesting a short of IGT if it tests 21.4 with a downside target of 20.24. We should have a stop loss in place at 21.46 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, 21.4, 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 IGT
- Buy IGT slightly over 21.4, target n/a, Stop Loss @ 21.35 Details
If 21.4 begins to break higher, the technical summary data tells us to buy IGT just slightly over 21.4, with an upside target of n/a. The data also tells us to set a stop loss @ 21.35 in case the stock turns against the trade. 21.4 is the first level of resistance above 20.46, and by rule, any break above resistance is a buy signal. In this case, 21.4, 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 IGT slightly near 21.4, target 20.24, Stop Loss @ 21.45. Details
The technical summary data is suggesting a short of IGT if it tests 21.4 with a downside target of 20.24. We should have a stop loss in place at 21.45 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, 21.4, 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 International Game Technology (IGT) available here: IGT.
IGT Ratings for June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
17.5 |
| P2 |
20.02 |
19.44 |
19.52 |
| P3 |
0 |
20.24 |
21.4 |
AI Generated Signals for IGT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for IGT:
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