How to Take Advantage of moves in (RUT)

February 06, 2024, 04:14 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RUT

• Buy RUT slightly over 1899.29 target 2012.52 stop loss @ 1893.8 Details

The technical summary data tells us to buy RUT near 1899.29 with an upside target of 2012.52. This data also tells us to set a stop loss @ 1893.8 to protect against excessive loss in case the stock begins to move against the trade. 1899.29 is the first level of support below 1937.24 , and by rule, any test of support is a buy signal. In this case, support 1899.29 is being tested, a buy signal would exist.

• Short RUT slightly under 2012.52, target 1899.29, stop loss @ 2018.33 Details

The technical summary data is suggesting a short of RUT as it gets near 2012.52 with a downside target of 1899.29. We should have a stop loss in place at 2018.33though. 2012.52 is the first level of resistance above 1937.24, and by rule, any test of resistance is a short signal. In this case, if resistance 2012.52 is being tested, a short signal would exist.

Swing Trading Plans for RUT

• Buy RUT slightly over 1942.4, target 1990.46, Stop Loss @ 1936.79 Details

If 1942.4 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1942.4, with an upside target of 1990.46. The data also tells us to set a stop loss @ 1936.79 in case the stock turns against the trade. 1942.4 is the first level of resistance above 1937.24, and by rule, any break above resistance is a buy signal. In this case, 1942.4, 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 RUT slightly near 1942.4, target 1899.29, Stop Loss @ 1948.01. Details

The technical summary data is suggesting a short of RUT if it tests 1942.4 with a downside target of 1899.29. We should have a stop loss in place at 1948.01 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, 1942.4, 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 RUT

• Buy RUT slightly over 1942.4, target 1944.26, Stop Loss @ 1937.87 Details

If 1942.4 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1942.4, with an upside target of 1944.26. The data also tells us to set a stop loss @ 1937.87 in case the stock turns against the trade. 1942.4 is the first level of resistance above 1937.24, and by rule, any break above resistance is a buy signal. In this case, 1942.4, 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 RUT slightly near 1942.4, target 1920.2, Stop Loss @ 1946.93. Details

The technical summary data is suggesting a short of RUT if it tests 1942.4 with a downside target of 1920.2. We should have a stop loss in place at 1946.93 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, 1942.4, 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 Russell 2000 (RUT) available here: RUT.

RUT Ratings for February 06:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	1777.05
P2	1920.2	1942.4	1899.29
P3	1944.26	1990.46	2012.52

AI Generated Signals for RUT

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This Russell 2000 (NYSE: RUT) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RUT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RUT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RUT too.  All of these are offered below the Summary Table.