When (KMT) Moves Investors should Listen
July 19, 2024, 01:40 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KMT
- Buy KMT slightly over 23.94 target 25.8 stop loss @ 23.87 Details
The technical summary data tells us to buy KMT near 23.94 with an upside target of 25.8. This data also tells us to set a stop loss @ 23.87 to protect against excessive loss in case the stock begins to move against the trade. 23.94 is the first level of support below 24.77 , and by rule, any test of support is a buy signal. In this case, support 23.94 is being tested, a buy signal would exist.
- Short KMT slightly under 25.8, target 23.94, stop loss @ 25.87 Details
The technical summary data is suggesting a short of KMT as it gets near 25.8 with a downside target of 23.94. We should have a stop loss in place at 25.87though. 25.8 is the first level of resistance above 24.77, and by rule, any test of resistance is a short signal. In this case, if resistance 25.8 is being tested, a short signal would exist.
Swing Trading Plans for KMT
- Buy KMT slightly over 25.81, target n/a, Stop Loss @ 25.74 Details
If 25.81 begins to break higher, the technical summary data tells us to buy KMT just slightly over 25.81, with an upside target of n/a. The data also tells us to set a stop loss @ 25.74 in case the stock turns against the trade. 25.81 is the first level of resistance above 24.77, and by rule, any break above resistance is a buy signal. In this case, 25.81, 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 KMT slightly near 25.81, target 24.72, Stop Loss @ 25.88. Details
The technical summary data is suggesting a short of KMT if it tests 25.81 with a downside target of 24.72. We should have a stop loss in place at 25.88 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, 25.81, 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 KMT
- Buy KMT slightly over 25.09, target 25.81, Stop Loss @ 25.03 Details
If 25.09 begins to break higher, the technical summary data tells us to buy KMT just slightly over 25.09, with an upside target of 25.81. The data also tells us to set a stop loss @ 25.03 in case the stock turns against the trade. 25.09 is the first level of resistance above 24.77, and by rule, any break above resistance is a buy signal. In this case, 25.09, 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 KMT slightly near 25.09, target 24.72, Stop Loss @ 25.15. Details
The technical summary data is suggesting a short of KMT if it tests 25.09 with a downside target of 24.72. We should have a stop loss in place at 25.15 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, 25.09, 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 Kennametal Inc. (KMT) available here: KMT.
KMT Ratings for July 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
22.12 |
| P2 |
25.09 |
24.72 |
23.94 |
| P3 |
25.72 |
25.81 |
25.8 |
AI Generated Signals for KMT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Kennametal Inc. (NYSE: KMT) report below is a real world example. Included are trading plans for KMT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KMT:
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