How the (WST) price action is used to our Advantage
May 15, 2024, 05:08 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WST
- Buy WST slightly over 335.52 target 367.93 stop loss @ 334.55 Details
The technical summary data tells us to buy WST near 335.52 with an upside target of 367.93. This data also tells us to set a stop loss @ 334.55 to protect against excessive loss in case the stock begins to move against the trade. 335.52 is the first level of support below 354.48 , and by rule, any test of support is a buy signal. In this case, support 335.52 would be being tested, so a buy signal would exist.
- Short WST slightly under 367.93, target 335.52, stop loss @ 368.99 Details
The technical summary data is suggesting a short of WST as it gets near 367.93 with a downside target of 335.52. We should have a stop loss in place at 368.99though. 367.93 is the first level of resistance above 354.48, and by rule, any test of resistance is a short signal. In this case, if resistance 367.93 is being tested, so a short signal would exist.
Swing Trading Plans for WST
- Buy WST slightly over 357.55, target 367.93, Stop Loss @ 356.52 Details
If 357.55 begins to break higher, the technical summary data tells us to buy WST just slightly over 357.55, with an upside target of 367.93. The data also tells us to set a stop loss @ 356.52 in case the stock turns against the trade. 357.55 is the first level of resistance above 354.48, and by rule, any break above resistance is a buy signal. In this case, 357.55, 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 WST slightly near 357.55, target 335.52, Stop Loss @ 358.58. Details
The technical summary data is suggesting a short of WST if it tests 357.55 with a downside target of 335.52. We should have a stop loss in place at 358.58 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, 357.55, 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 WST
- Buy WST slightly over 357.55, target 361.15, Stop Loss @ 356.72 Details
If 357.55 begins to break higher, the technical summary data tells us to buy WST just slightly over 357.55, with an upside target of 361.15. The data also tells us to set a stop loss @ 356.72 in case the stock turns against the trade. 357.55 is the first level of resistance above 354.48, and by rule, any break above resistance is a buy signal. In this case, 357.55, 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 WST slightly near 357.55, target 353.45, Stop Loss @ 358.38. Details
The technical summary data is suggesting a short of WST if it tests 357.55 with a downside target of 353.45. We should have a stop loss in place at 358.38 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, 357.55, 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 West Pharmaceutical Services Inc. (WST) available here: WST.
WST Ratings for May 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
335.52 |
| P2 |
353.45 |
357.55 |
367.93 |
| P3 |
361.15 |
368.24 |
399.84 |
AI Generated Signals for WST
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 West Pharmaceutical Services Inc. (NYSE: WST) data table below can help you with price action, and we have more details too. Trading plans for WST 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.
Fundamental Charts for WST:
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