Trading (EME) With Integrated Risk Controls
June 18, 2024, 20:30 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EME
- Buy EME slightly over 361.74 target 405.92 stop loss @ 360.7 Details
The technical summary data tells us to buy EME near 361.74 with an upside target of 405.92. This data also tells us to set a stop loss @ 360.7 to protect against excessive loss in case the stock begins to move against the trade. 361.74 is the first level of support below 385.68 , and by rule, any test of support is a buy signal. In this case, support 361.74 is being tested, a buy signal would exist.
- Short EME slightly under 405.92, target 361.74, stop loss @ 407.09 Details
The technical summary data is suggesting a short of EME as it gets near 405.92 with a downside target of 361.74. We should have a stop loss in place at 407.09though. 405.92 is the first level of resistance above 385.68, and by rule, any test of resistance is a short signal. In this case, if resistance 405.92 is being tested, a short signal would exist.
Swing Trading Plans for EME
- Buy EME slightly over 390.96, target 405.92, Stop Loss @ 389.83 Details
If 390.96 begins to break higher, the technical summary data tells us to buy EME just slightly over 390.96, with an upside target of 405.92. The data also tells us to set a stop loss @ 389.83 in case the stock turns against the trade. 390.96 is the first level of resistance above 385.68, and by rule, any break above resistance is a buy signal. In this case, 390.96, 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 EME slightly near 390.96, target 381.51, Stop Loss @ 392.09. Details
The technical summary data is suggesting a short of EME if it tests 390.96 with a downside target of 381.51. We should have a stop loss in place at 392.09 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, 390.96, 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.
Day Trading Plans for EME
- Buy EME slightly over 387.07, target 390.96, Stop Loss @ 386.17 Details
If 387.07 begins to break higher, the technical summary data tells us to buy EME just slightly over 387.07, with an upside target of 390.96. The data also tells us to set a stop loss @ 386.17 in case the stock turns against the trade. 387.07 is the first level of resistance above 385.68, and by rule, any break above resistance is a buy signal. In this case, 387.07, 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 EME slightly near 387.07, target 381.51, Stop Loss @ 387.97. Details
The technical summary data is suggesting a short of EME if it tests 387.07 with a downside target of 381.51. We should have a stop loss in place at 387.97 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, 387.07, 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 Emcor Group Inc. (EME) available here: EME.
EME Ratings for June 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
319.34 |
| P2 |
380.7 |
381.51 |
361.74 |
| P3 |
387.07 |
390.96 |
405.92 |
AI Generated Signals for EME
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EME:
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