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How the (FDN) price action is used to our Advantage

Longer Term Trading Plans for FDN
  • Buy FDN slightly over 197.47 target 209.77 stop loss @ 196.9 Details
  • The technical summary data tells us to buy FDN near 197.47 with an upside target of 209.77. This data also tells us to set a stop loss @ 196.9 to protect against excessive loss in case the stock begins to move against the trade. 197.47 is the first level of support below 206.01 , and by rule, any test of support is a buy signal. In this case, support 197.47 would be being tested, so a buy signal would exist.

  • Short FDN slightly under 209.77, target 197.47, stop loss @ 210.38 Details
  • The technical summary data is suggesting a short of FDN as it gets near 209.77 with a downside target of 197.47. We should have a stop loss in place at 210.38though. 209.77 is the first level of resistance above 206.01, and by rule, any test of resistance is a short signal. In this case, if resistance 209.77 is being tested, so a short signal would exist.

Swing Trading Plans for FDN
  • Buy FDN slightly over 207.72, target 209.77, Stop Loss @ 207.12 Details
  • If 207.72 begins to break higher, the technical summary data tells us to buy FDN just slightly over 207.72, with an upside target of 209.77. The data also tells us to set a stop loss @ 207.12 in case the stock turns against the trade. 207.72 is the first level of resistance above 206.01, and by rule, any break above resistance is a buy signal. In this case, 207.72, 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 FDN slightly near 207.72, target 197.47, Stop Loss @ 208.32. Details
  • The technical summary data is suggesting a short of FDN if it tests 207.72 with a downside target of 197.47. We should have a stop loss in place at 208.32 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, 207.72, 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 FDN
  • Buy FDN slightly over 207.72, target 208.37, Stop Loss @ 207.24 Details
  • If 207.72 begins to break higher, the technical summary data tells us to buy FDN just slightly over 207.72, with an upside target of 208.37. The data also tells us to set a stop loss @ 207.24 in case the stock turns against the trade. 207.72 is the first level of resistance above 206.01, and by rule, any break above resistance is a buy signal. In this case, 207.72, 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 FDN slightly near 207.72, target 205.8, Stop Loss @ 208.2. Details
  • The technical summary data is suggesting a short of FDN if it tests 207.72 with a downside target of 205.8. We should have a stop loss in place at 208.2 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, 207.72, 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  First Trust Dow Jones Internet Index Fund (FDN) available here: FDN.

FDN Ratings for July 11:

Term →Near Mid Long
Rating Neutral Strong Strong
P1 0 0 197.47
P2 205.8 207.72 209.77
P3 208.37 211.37 221.73
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AI Generated Signals for FDN

FDN Long Term Analysis for July 11 2024

Blue = Current Price
Red= Resistance
Green = Support

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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  First Trust Dow Jones Internet Index Fund (NYSE: FDN) data table below can help you with price action, and we have more details too. Trading plans for FDN 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.