Trading (NOVT) With Integrated Risk Controls

March 24, 2024, 13:18 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NOVT

• Buy NOVT slightly over 156.66 target 174.74 stop loss @ 156.21 Details

The technical summary data tells us to buy NOVT near 156.66 with an upside target of 174.74. This data also tells us to set a stop loss @ 156.21 to protect against excessive loss in case the stock begins to move against the trade. 156.66 is the first level of support below 173.07 , and by rule, any test of support is a buy signal. In this case, support 156.66 is being tested, a buy signal would exist.

• Short NOVT slightly under 174.74, target 156.66, stop loss @ 175.24 Details

The technical summary data is suggesting a short of NOVT as it gets near 174.74 with a downside target of 156.66. We should have a stop loss in place at 175.24though. 174.74 is the first level of resistance above 173.07, and by rule, any test of resistance is a short signal. In this case, if resistance 174.74 is being tested, a short signal would exist.

Swing Trading Plans for NOVT

• Buy NOVT slightly over 174.74, target 175.35, Stop Loss @ 174.24 Details

If 174.74 begins to break higher, the technical summary data tells us to buy NOVT just slightly over 174.74, with an upside target of 175.35. The data also tells us to set a stop loss @ 174.24 in case the stock turns against the trade. 174.74 is the first level of resistance above 173.07, and by rule, any break above resistance is a buy signal. In this case, 174.74, 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 NOVT slightly near 174.74, target 169.12, Stop Loss @ 175.24. Details

The technical summary data is suggesting a short of NOVT if it tests 174.74 with a downside target of 169.12. We should have a stop loss in place at 175.24 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, 174.74, 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 NOVT

• Buy NOVT slightly over 173.39, target 174.74, Stop Loss @ 172.99 Details

If 173.39 begins to break higher, the technical summary data tells us to buy NOVT just slightly over 173.39, with an upside target of 174.74. The data also tells us to set a stop loss @ 172.99 in case the stock turns against the trade. 173.39 is the first level of resistance above 173.07, and by rule, any break above resistance is a buy signal. In this case, 173.39, 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 NOVT slightly near 173.39, target 169.12, Stop Loss @ 173.79. Details

The technical summary data is suggesting a short of NOVT if it tests 173.39 with a downside target of 169.12. We should have a stop loss in place at 173.79 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, 173.39, 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 Novanta Inc. (NOVT) available here: NOVT.

NOVT Ratings for March 24:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	137.19
P2	173.39	169.12	156.66
P3	178.24	175.35	174.74

AI Generated Signals for NOVT

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Novanta Inc. (NASDAQ: NOVT) report below can help you, but we have more details too. The trading plans for NOVT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.