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Trading (RXI) With Integrated Risk Controls

Longer Term Trading Plans for RXI
  • Buy RXI slightly over 156.26 target 163.54 stop loss @ 155.81 Details
  • The technical summary data tells us to buy RXI near 156.26 with an upside target of 163.54. This data also tells us to set a stop loss @ 155.81 to protect against excessive loss in case the stock begins to move against the trade. 156.26 is the first level of support below 161.694 , and by rule, any test of support is a buy signal. In this case, support 156.26 is being tested, a buy signal would exist.

  • Short RXI slightly under 163.54, target 156.26, stop loss @ 164.01 Details
  • The technical summary data is suggesting a short of RXI as it gets near 163.54 with a downside target of 156.26. We should have a stop loss in place at 164.01though. 163.54 is the first level of resistance above 161.694, and by rule, any test of resistance is a short signal. In this case, if resistance 163.54 is being tested, a short signal would exist.

Swing Trading Plans for RXI
  • Buy RXI slightly over 163.54, target n/a, Stop Loss @ 163.07 Details
  • If 163.54 begins to break higher, the technical summary data tells us to buy RXI just slightly over 163.54, with an upside target of n/a. The data also tells us to set a stop loss @ 163.07 in case the stock turns against the trade. 163.54 is the first level of resistance above 161.694, and by rule, any break above resistance is a buy signal. In this case, 163.54, 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 RXI slightly near 163.54, target 160.85, Stop Loss @ 164.01. Details
  • The technical summary data is suggesting a short of RXI if it tests 163.54 with a downside target of 160.85. We should have a stop loss in place at 164.01 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, 163.54, 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 RXI
  • Buy RXI slightly over 163.54, target n/a, Stop Loss @ 163.16 Details
  • If 163.54 begins to break higher, the technical summary data tells us to buy RXI just slightly over 163.54, with an upside target of n/a. The data also tells us to set a stop loss @ 163.16 in case the stock turns against the trade. 163.54 is the first level of resistance above 161.694, and by rule, any break above resistance is a buy signal. In this case, 163.54, 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 RXI slightly near 163.54, target 161.65, Stop Loss @ 163.92. Details
  • The technical summary data is suggesting a short of RXI if it tests 163.54 with a downside target of 161.65. We should have a stop loss in place at 163.92 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, 163.54, 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.

Real Time Updates are available on our Ishares Global Consumer Discretionary Etf (RXI) Page here: RXI.

RXI Ratings for February 12:

Term →Near Mid Long
Rating Strong Strong Neutral
P1 0 0 148.7
P2 160.72 159.13 156.26
P3 161.65 160.85 163.54
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Support and Resistance Plot Chart for RXI

RXI Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Ishares Global Consumer Discretionary Etf (NYSE: RXI) report below can help you, but we have more details too. The trading plans for RXI, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.