When the Price of (GCO) Talks, People Listen
August 21, 2024, 12:00 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GCO
- Buy GCO slightly over 26.45 target 30.24 stop loss @ 26.37 Details
The technical summary data tells us to buy GCO near 26.45 with an upside target of 30.24. This data also tells us to set a stop loss @ 26.37 to protect against excessive loss in case the stock begins to move against the trade. 26.45 is the first level of support below 30.22 , and by rule, any test of support is a buy signal. In this case, support 26.45 is being tested, a buy signal would exist.
- Short GCO slightly under 30.24, target 26.45, stop loss @ 30.33 Details
The technical summary data is suggesting a short of GCO as it gets near 30.24 with a downside target of 26.45. We should have a stop loss in place at 30.33though. 30.24 is the first level of resistance above 30.22, and by rule, any test of resistance is a short signal. In this case, if resistance 30.24 is being tested, a short signal would exist.
Swing Trading Plans for GCO
- Buy GCO slightly over 30.25, target n/a, Stop Loss @ 30.16 Details
If 30.25 begins to break higher, the technical summary data tells us to buy GCO just slightly over 30.25, with an upside target of n/a. The data also tells us to set a stop loss @ 30.16 in case the stock turns against the trade. 30.25 is the first level of resistance above 30.22, and by rule, any break above resistance is a buy signal. In this case, 30.25, 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 GCO slightly near 30.25, target 28.72, Stop Loss @ 30.34. Details
The technical summary data is suggesting a short of GCO if it tests 30.25 with a downside target of 28.72. We should have a stop loss in place at 30.34 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, 30.25, 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 GCO
- Buy GCO slightly over 30.25, target 31.09, Stop Loss @ 30.18 Details
If 30.25 begins to break higher, the technical summary data tells us to buy GCO just slightly over 30.25, with an upside target of 31.09. The data also tells us to set a stop loss @ 30.18 in case the stock turns against the trade. 30.25 is the first level of resistance above 30.22, and by rule, any break above resistance is a buy signal. In this case, 30.25, 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 GCO slightly near 30.25, target 28.72, Stop Loss @ 30.32. Details
The technical summary data is suggesting a short of GCO if it tests 30.25 with a downside target of 28.72. We should have a stop loss in place at 30.32 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, 30.25, 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 Genesco Inc. (GCO) available here: GCO.
GCO Ratings for August 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
23.19 |
| P2 |
30.09 |
28.72 |
26.45 |
| P3 |
31.09 |
30.25 |
30.24 |
AI Generated Signals for GCO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Genesco Inc. (NYSE: GCO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for GCO can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GCO:
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