How the price action of Perrigo Company Plc (PRGO) is used to our Advantage

July 24, 2021, 15:30 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Perrigo Company Plc (NASDAQ: PRGO) data table below can help you with price action, and we have more details too. Trading plans for PRGO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for PRGO

• Buy PRGO slightly over 45.70 target n/a stop loss @ 45.57. Details

The technical summary data tells us to buy PRGO near 45.70, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 45.57 to protect against excessive loss in case the stock begins to move against the trade. 45.70 is the first level of support below 46.34, and by rule, any test of support is a buy signal. In this case, if support 45.70 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for PRGO

• Buy PRGO slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy PRGO just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 46.34, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 PRGO near n/a, target 46.17, Stop Loss @ 0. Details

The technical summary data is suggesting a short of PRGO if it tests n/a with a downside target of 46.17. We should have a stop loss in place at 0 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, n/a, 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 PRGO

• Buy PRGO slightly over 46.44, target n/a, Stop Loss @ 46.33 Details

If 46.44 begins to break higher, the technical summary data tells us to buy PRGO just slightly over 46.44, with an upside target of n/a. The data also tells us to set a stop loss @ 46.33 in case the stock turns against the trade. 46.44 is the first level of resistance above 46.34, and by rule, any break above resistance is a buy signal. In this case, 46.44, 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 PRGO near 46.44, target 46.17, Stop Loss @ 46.55. Details

The technical summary data is suggesting a short of PRGO if it tests 46.44 with a downside target of 46.17. We should have a stop loss in place at 46.55 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, 46.44, 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.

PRGO Ratings for July 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	37.99
P2	45.30	44.85	41.84
P3	46.44	46.17	45.70

Support and Resistance Plot Chart for PRGO

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