How the price action of Ishares Core S&p Mid-cap Etf (IJH) is used to our Advantage

July 06, 2022, 21:45 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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 Core S&p Mid-cap Etf (NYSE: IJH) data table below can help you with price action, and we have more details too. Trading plans for IJH 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.

Longer Term Trading Plans for IJH

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short IJH under 240.77, target n/a, stop loss @ 241.47 Details

The technical summary data is suggesting a short of IJH as it gets near 240.77, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 241.47. 240.77 is the first level of resistance above 227.38, and by rule, any test of resistance is a short signal. In this case, if resistance 240.77 is being tested, so a short signal would exist.

Swing Trading Plans for IJH

• Buy IJH slightly over 234.15, target 240.77, Stop Loss @ 233.47 Details

If 234.15 begins to break higher, the technical summary data tells us to buy IJH just slightly over 234.15, with an upside target of 240.77. The data also tells us to set a stop loss @ 233.47 in case the stock turns against the trade. 234.15 is the first level of resistance above 227.38, and by rule, any break above resistance is a buy signal. In this case, 234.15, 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 IJH near 234.15, target 225.58, Stop Loss @ 234.83. Details

The technical summary data is suggesting a short of IJH if it tests 234.15 with a downside target of 225.58. We should have a stop loss in place at 234.83 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, 234.15, 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 IJH

• Buy IJH slightly over 234.15, target 240.77, Stop Loss @ 233.6 Details

If 234.15 begins to break higher, the technical summary data tells us to buy IJH just slightly over 234.15, with an upside target of 240.77. The data also tells us to set a stop loss @ 233.6 in case the stock turns against the trade. 234.15 is the first level of resistance above 227.38, and by rule, any break above resistance is a buy signal. In this case, 234.15, 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 IJH near 234.15, target 226.77, Stop Loss @ 234.7. Details

The technical summary data is suggesting a short of IJH if it tests 234.15 with a downside target of 226.77. We should have a stop loss in place at 234.7 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, 234.15, 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.

IJH Ratings for July 06:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	240.77
P2	222.29	225.58	257.17
P3	226.77	234.15	272.90

Support and Resistance Plot Chart for IJH

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