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

Longer Term Trading Plans for MACK
  • Buy MACK slightly over 13.98 target 14.79 stop loss @ 13.94 Details
  • The technical summary data tells us to buy MACK near 13.98 with an upside target of 14.79. This data also tells us to set a stop loss @ 13.94 to protect against excessive loss in case the stock begins to move against the trade. 13.98 is the first level of support below 14.73 , and by rule, any test of support is a buy signal. In this case, support 13.98 is being tested, a buy signal would exist.

  • Short MACK slightly under 14.79, target 13.98, stop loss @ 14.83 Details
  • The technical summary data is suggesting a short of MACK as it gets near 14.79 with a downside target of 13.98. We should have a stop loss in place at 14.83though. 14.79 is the first level of resistance above 14.73, and by rule, any test of resistance is a short signal. In this case, if resistance 14.79 is being tested, a short signal would exist.

Swing Trading Plans for MACK
  • Buy MACK 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 MACK 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 14.73, 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 MACK slightly near n/a, target 13.98, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of MACK if it tests n/a with a downside target of 13.98. 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 MACK
  • Buy MACK slightly over 14.84, target n/a, Stop Loss @ 14.81 Details
  • If 14.84 begins to break higher, the technical summary data tells us to buy MACK just slightly over 14.84, with an upside target of n/a. The data also tells us to set a stop loss @ 14.81 in case the stock turns against the trade. 14.84 is the first level of resistance above 14.73, and by rule, any break above resistance is a buy signal. In this case, 14.84, 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 MACK slightly near 14.84, target 13.98, Stop Loss @ 14.87. Details
  • The technical summary data is suggesting a short of MACK if it tests 14.84 with a downside target of 13.98. We should have a stop loss in place at 14.87 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, 14.84, 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  Merrimack Pharmaceuticals Inc. (MACK) Page here: MACK.

MACK Ratings for April 03:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 13.23
P2 14.77 14.84 13.98
P3 0 14.79
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Support and Resistance Plot Chart for MACK

MACK Long Term Analysis for April 3 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  Merrimack Pharmaceuticals Inc. (NASDAQ: MACK) data table below can help you with price action, and we have more details too. Trading plans for MACK 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.