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

Longer Term Trading Plans for UJB
  • Buy UJB slightly over 66.25 target 68.53 stop loss @ 66.06 Details
  • The technical summary data tells us to buy UJB near 66.25 with an upside target of 68.53. This data also tells us to set a stop loss @ 66.06 to protect against excessive loss in case the stock begins to move against the trade. 66.25 is the first level of support below 68.0199 , and by rule, any test of support is a buy signal. In this case, support 66.25 is being tested, a buy signal would exist.

  • Short UJB slightly under 68.53, target 66.25, stop loss @ 68.73 Details
  • The technical summary data is suggesting a short of UJB as it gets near 68.53 with a downside target of 66.25. We should have a stop loss in place at 68.73though. 68.53 is the first level of resistance above 68.0199, and by rule, any test of resistance is a short signal. In this case, if resistance 68.53 is being tested, a short signal would exist.

Swing Trading Plans for UJB
  • Buy UJB slightly over 68.2, target 68.53, Stop Loss @ 68 Details
  • If 68.2 begins to break higher, the technical summary data tells us to buy UJB just slightly over 68.2, with an upside target of 68.53. The data also tells us to set a stop loss @ 68 in case the stock turns against the trade. 68.2 is the first level of resistance above 68.0199, and by rule, any break above resistance is a buy signal. In this case, 68.2, 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 UJB slightly near 68.2, target 67.62, Stop Loss @ 68.4. Details
  • The technical summary data is suggesting a short of UJB if it tests 68.2 with a downside target of 67.62. We should have a stop loss in place at 68.4 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, 68.2, 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 UJB
  • Buy UJB slightly over 68.28, target 68.53, Stop Loss @ 68.12 Details
  • If 68.28 begins to break higher, the technical summary data tells us to buy UJB just slightly over 68.28, with an upside target of 68.53. The data also tells us to set a stop loss @ 68.12 in case the stock turns against the trade. 68.28 is the first level of resistance above 68.0199, and by rule, any break above resistance is a buy signal. In this case, 68.28, 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 UJB slightly near 68.28, target 67.62, Stop Loss @ 68.44. Details
  • The technical summary data is suggesting a short of UJB if it tests 68.28 with a downside target of 67.62. We should have a stop loss in place at 68.44 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, 68.28, 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.

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UJB Ratings for February 13:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 63.8
P2 68.04 67.62 66.25
P3 68.28 68.2 68.53
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Support and Resistance Plot Chart for UJB

UJB Long Term Analysis for February 13 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  Proshares Ultra High Yield 2x Shares (NYSE: UJB) data table below can help you with price action, and we have more details too. Trading plans for UJB 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.