How the (IGM) price action is used to our Advantage
May 02, 2024, 02:54 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IGM
- Buy IGM slightly over 79.26 target 84.39 stop loss @ 79.03 Details
The technical summary data tells us to buy IGM near 79.26 with an upside target of 84.39. This data also tells us to set a stop loss @ 79.03 to protect against excessive loss in case the stock begins to move against the trade. 79.26 is the first level of support below 81.08 , and by rule, any test of support is a buy signal. In this case, support 79.26 would be being tested, so a buy signal would exist.
- Short IGM slightly under 84.39, target 79.26, stop loss @ 84.63 Details
The technical summary data is suggesting a short of IGM as it gets near 84.39 with a downside target of 79.26. We should have a stop loss in place at 84.63though. 84.39 is the first level of resistance above 81.08, and by rule, any test of resistance is a short signal. In this case, if resistance 84.39 is being tested, so a short signal would exist.
Swing Trading Plans for IGM
- Buy IGM slightly over 83.44, target 84.39, Stop Loss @ 83.2 Details
If 83.44 begins to break higher, the technical summary data tells us to buy IGM just slightly over 83.44, with an upside target of 84.39. The data also tells us to set a stop loss @ 83.2 in case the stock turns against the trade. 83.44 is the first level of resistance above 81.08, and by rule, any break above resistance is a buy signal. In this case, 83.44, 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 IGM slightly near 83.44, target 80.84, Stop Loss @ 83.68. Details
The technical summary data is suggesting a short of IGM if it tests 83.44 with a downside target of 80.84. We should have a stop loss in place at 83.68 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, 83.44, 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 IGM
- Buy IGM slightly over 81.26, target 83.49, Stop Loss @ 81.07 Details
If 81.26 begins to break higher, the technical summary data tells us to buy IGM just slightly over 81.26, with an upside target of 83.49. The data also tells us to set a stop loss @ 81.07 in case the stock turns against the trade. 81.26 is the first level of resistance above 81.08, and by rule, any break above resistance is a buy signal. In this case, 81.26, 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 IGM slightly near 81.26, target 80.84, Stop Loss @ 81.45. Details
The technical summary data is suggesting a short of IGM if it tests 81.26 with a downside target of 80.84. We should have a stop loss in place at 81.45 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, 81.26, 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 Ishares Expanded Tech Sector Etf (IGM) available here: IGM.
IGM Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
79.26 |
| P2 |
81.26 |
80.84 |
84.39 |
| P3 |
83.49 |
83.44 |
89.55 |
AI Generated Signals for IGM
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 Ishares Expanded Tech Sector Etf (NYSE: IGM) data table below can help you with price action, and we have more details too. Trading plans for IGM 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 IGM:
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