Learn to Evaluate Russell 2000 ($RUT) using the Charts
May 12, 2023, 01:45 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RUT
- Buy RUT slightly over 1706.97 target 1817.81 stop loss @ 1702.04 Details
The technical summary data tells us to buy RUT near 1706.97 with an upside target of 1817.81. This data also tells us to set a stop loss @ 1702.04 to protect against excessive loss in case the stock begins to move against the trade. 1706.97 is the first level of support below 1744.71 , and by rule, any test of support is a buy signal. In this case, support 1706.97 would be being tested, so a buy signal would exist.
- Short RUT slightly under 1817.81, target 1706.97, stop loss @ 1823.06 Details
The technical summary data is suggesting a short of RUT as it gets near 1817.81 with a downside target of 1706.97. We should have a stop loss in place at 1823.06though. 1817.81 is the first level of resistance above 1744.71, and by rule, any test of resistance is a short signal. In this case, if resistance 1817.81 is being tested, so a short signal would exist.
Swing Trading Plans for RUT
- Buy RUT slightly over 1765.01, target 1817.81, Stop Loss @ 1759.91 Details
If 1765.01 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1765.01, with an upside target of 1817.81. The data also tells us to set a stop loss @ 1759.91 in case the stock turns against the trade. 1765.01 is the first level of resistance above 1744.71, and by rule, any break above resistance is a buy signal. In this case, 1765.01, 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 RUT slightly near 1765.01, target 1728.81, Stop Loss @ 1770.11. Details
The technical summary data is suggesting a short of RUT if it tests 1765.01 with a downside target of 1728.81. We should have a stop loss in place at 1770.11 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, 1765.01, 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 RUT
- Buy RUT slightly over 1752.42, target 1765.01, Stop Loss @ 1748.33 Details
If 1752.42 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1752.42, with an upside target of 1765.01. The data also tells us to set a stop loss @ 1748.33 in case the stock turns against the trade. 1752.42 is the first level of resistance above 1744.71, and by rule, any break above resistance is a buy signal. In this case, 1752.42, 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 RUT slightly near 1752.42, target 1739.91, Stop Loss @ 1756.51. Details
The technical summary data is suggesting a short of RUT if it tests 1752.42 with a downside target of 1739.91. We should have a stop loss in place at 1756.51 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, 1752.42, 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 Russell 2000 (RUT) available here: RUT.
RUT Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
1706.97 |
| P2 |
1739.91 |
1728.81 |
1817.81 |
| P3 |
1752.42 |
1765.01 |
1926.42 |
AI Generated Signals for RUT
Blue = Current Price
Red= Resistance
Green = Support
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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 Russell 2000 (NYSE: RUT) report below can help you understand how to do this. The trading plans for RUT, 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.
Fundamental Charts for RUT:
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