When Russell 2000 ($RUT) Moves Investors should Listen
March 24, 2023, 20:00 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RUT
- Buy RUT slightly over 1676.06 target 1813.21 stop loss @ 1671.22 Details
The technical summary data tells us to buy RUT near 1676.06 with an upside target of 1813.21. This data also tells us to set a stop loss @ 1671.22 to protect against excessive loss in case the stock begins to move against the trade. 1676.06 is the first level of support below 1734.92 , and by rule, any test of support is a buy signal. In this case, support 1676.06 would be being tested, so a buy signal would exist.
- Short RUT slightly under 1813.21, target 1676.06, stop loss @ 1818.45 Details
The technical summary data is suggesting a short of RUT as it gets near 1813.21 with a downside target of 1676.06. We should have a stop loss in place at 1818.45though. 1813.21 is the first level of resistance above 1734.92, and by rule, any test of resistance is a short signal. In this case, if resistance 1813.21 is being tested, so a short signal would exist.
Swing Trading Plans for RUT
- Buy RUT slightly over 1755.11, target 1813.21, Stop Loss @ 1750.04 Details
If 1755.11 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1755.11, with an upside target of 1813.21. The data also tells us to set a stop loss @ 1750.04 in case the stock turns against the trade. 1755.11 is the first level of resistance above 1734.92, and by rule, any break above resistance is a buy signal. In this case, 1755.11, 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 RUT slightly near 1755.11, target 1693.29, Stop Loss @ 1760.18. Details
The technical summary data is suggesting a short of RUT if it tests 1755.11 with a downside target of 1693.29. We should have a stop loss in place at 1760.18 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, 1755.11, 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 RUT
- Buy RUT slightly over 1742.07, target 1755.11, Stop Loss @ 1738.01 Details
If 1742.07 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1742.07, with an upside target of 1755.11. The data also tells us to set a stop loss @ 1738.01 in case the stock turns against the trade. 1742.07 is the first level of resistance above 1734.92, and by rule, any break above resistance is a buy signal. In this case, 1742.07, 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 RUT slightly near 1742.07, target 1704.41, Stop Loss @ 1746.13. Details
The technical summary data is suggesting a short of RUT if it tests 1742.07 with a downside target of 1704.41. We should have a stop loss in place at 1746.13 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, 1742.07, 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 Russell 2000 (RUT) available here: RUT.
RUT Ratings for March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
1676.06 |
| P2 |
1704.41 |
1693.29 |
1813.21 |
| P3 |
1742.07 |
1755.11 |
1944.83 |
AI Generated Signals for RUT
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Russell 2000 (NYSE: RUT) report below is a real world example. Included are trading plans for RUT, 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 RUT:
pool ads
