(IWO) Investment Analysis and Advice

December 15, 2024, 08:44 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IWO

• Buy IWO near 295.14 target 310.82 stop loss @ 294.29 Details

The technical summary data tells us to buy IWO near 295.14 with an upside target of 310.82. This data also tells us to set a stop loss @ 294.29 to protect against excessive loss in case the stock begins to move against the trade. 295.14 is the first level of support below 303.12 , and by rule, any test of support is a buy signal. In this case, support 295.14 is being tested, a buy signal would exist.

• Short IWO slightly under 310.82, target 295.14, stop loss @ 311.72 Details

The technical summary data is suggesting a short of IWO as it gets near 310.82 with a downside target of 295.14. We should have a stop loss in place at 311.72though. 310.82 is the first level of resistance above 303.12, and by rule, any test of resistance is a short signal. In this case, if resistance 310.82 is being tested, a short signal would exist.

Swing Trading Plans for IWO

• Buy IWO slightly over 304.04, target 308.82, Stop Loss @ 303.16 Details

If 304.04 begins to break higher, the technical summary data tells us to buy IWO just slightly over 304.04, with an upside target of 308.82. The data also tells us to set a stop loss @ 303.16 in case the stock turns against the trade. 304.04 is the first level of resistance above 303.12, and by rule, any break above resistance is a buy signal. In this case, 304.04, 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 IWO slightly near 304.04, target 295.14, Stop Loss @ 304.92. Details

The technical summary data is suggesting a short of IWO if it tests 304.04 with a downside target of 295.14. We should have a stop loss in place at 304.92 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, 304.04, 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 IWO

• Buy IWO slightly over 304.04, target 305.11, Stop Loss @ 303.33 Details

If 304.04 begins to break higher, the technical summary data tells us to buy IWO just slightly over 304.04, with an upside target of 305.11. The data also tells us to set a stop loss @ 303.33 in case the stock turns against the trade. 304.04 is the first level of resistance above 303.12, and by rule, any break above resistance is a buy signal. In this case, 304.04, 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 IWO slightly near 304.04, target 301.83, Stop Loss @ 304.75. Details

The technical summary data is suggesting a short of IWO if it tests 304.04 with a downside target of 301.83. We should have a stop loss in place at 304.75 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, 304.04, 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 Russell 2000 Growth Etf (IWO) available here: IWO.

IWO Ratings for December 15:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	279.49
P2	301.83	304.04	295.14
P3	305.11	308.82	310.82

AI Generated Signals for IWO

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Prudent Investment Analysis requires observations of the support and resistance levels for Ishares Russell 2000 Growth Etf (NYSE: IWO) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IWO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IWO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IWO too.  All of these are offered below the Summary Table.