Learn to Evaluate (MEDP) using the Charts

June 23, 2024, 03:54 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MEDP

• Buy MEDP slightly over 371.35 target 410.39 stop loss @ 370.28 Details

The technical summary data tells us to buy MEDP near 371.35 with an upside target of 410.39. This data also tells us to set a stop loss @ 370.28 to protect against excessive loss in case the stock begins to move against the trade. 371.35 is the first level of support below 404.03 , and by rule, any test of support is a buy signal. In this case, support 371.35 would be being tested, so a buy signal would exist.

• Short MEDP slightly under 410.39, target 371.35, stop loss @ 411.58 Details

The technical summary data is suggesting a short of MEDP as it gets near 410.39 with a downside target of 371.35. We should have a stop loss in place at 411.58though. 410.39 is the first level of resistance above 404.03, and by rule, any test of resistance is a short signal. In this case, if resistance 410.39 is being tested, so a short signal would exist.

Swing Trading Plans for MEDP

• Buy MEDP slightly over 410.39, target 449.7, Stop Loss @ 409.2 Details

If 410.39 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 410.39, with an upside target of 449.7. The data also tells us to set a stop loss @ 409.2 in case the stock turns against the trade. 410.39 is the first level of resistance above 404.03, and by rule, any break above resistance is a buy signal. In this case, 410.39, 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 MEDP slightly near 410.39, target 400.84, Stop Loss @ 411.58. Details

The technical summary data is suggesting a short of MEDP if it tests 410.39 with a downside target of 400.84. We should have a stop loss in place at 411.58 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, 410.39, 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.

Day Trading Plans for MEDP

• Buy MEDP slightly over 404.96, target 410.39, Stop Loss @ 404.02 Details

If 404.96 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 404.96, with an upside target of 410.39. The data also tells us to set a stop loss @ 404.02 in case the stock turns against the trade. 404.96 is the first level of resistance above 404.03, and by rule, any break above resistance is a buy signal. In this case, 404.96, 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 MEDP slightly near 404.96, target 400.84, Stop Loss @ 405.9. Details

The technical summary data is suggesting a short of MEDP if it tests 404.96 with a downside target of 400.84. We should have a stop loss in place at 405.9 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, 404.96, 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  Medpace Holdings Inc. (MEDP) available here: MEDP.

MEDP Ratings for June 23:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	371.35
P2	399.67	389.73	410.39
P3	404.96	400.84	449.7

AI Generated Signals for MEDP

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Medpace Holdings Inc. (NASDAQ: MEDP) report below can help you understand how to do this. The trading plans for MEDP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.