Trading Netgear NTGR With Integrated Risk Controls

October 07, 2022, 03:00 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Netgear (NASDAQ: NTGR) report below can help you, but we have more details too. The trading plans for NTGR, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for NTGR

• Buy NTGR slightly over 19.50 target 22.98 stop loss @ 19.44 Details

The technical summary data tells us to buy NTGR near 19.50 with an upside target of 22.98. This data also tells us to set a stop loss @ 19.44 to protect against excessive loss in case the stock begins to move against the trade. 19.50 is the first level of support below 21.77 , and by rule, any test of support is a buy signal. In this case, support 19.50 is being tested, a buy signal would exist.

• Short NTGR slightly under 22.98, target 19.50, stop loss @ 23.05 Details

The technical summary data is suggesting a short of NTGR as it gets near 22.98 with a downside target of 19.50. We should have a stop loss in place at 23.05though. 22.98 is the first level of resistance above 21.77, and by rule, any test of resistance is a short signal. In this case, if resistance 22.98 is being tested, a short signal would exist.

Swing Trading Plans for NTGR

• Buy NTGR slightly over 22.98, target n/a, Stop Loss @ 22.91 Details

If 22.98 begins to break higher, the technical summary data tells us to buy NTGR just slightly over 22.98, with an upside target of n/a. The data also tells us to set a stop loss @ 22.91 in case the stock turns against the trade. 22.98 is the first level of resistance above 21.77, and by rule, any break above resistance is a buy signal. In this case, 22.98, 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 NTGR slightly near 22.98, target 21.11, Stop Loss @ 23.05. Details

The technical summary data is suggesting a short of NTGR if it tests 22.98 with a downside target of 21.11. We should have a stop loss in place at 23.05 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, 22.98, 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 NTGR

• Buy NTGR slightly over 22.98, target n/a, Stop Loss @ 22.93 Details

If 22.98 begins to break higher, the technical summary data tells us to buy NTGR just slightly over 22.98, with an upside target of n/a. The data also tells us to set a stop loss @ 22.93 in case the stock turns against the trade. 22.98 is the first level of resistance above 21.77, and by rule, any break above resistance is a buy signal. In this case, 22.98, 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 NTGR slightly near 22.98, target 21.22, Stop Loss @ 23.03. Details

The technical summary data is suggesting a short of NTGR if it tests 22.98 with a downside target of 21.22. We should have a stop loss in place at 23.03 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, 22.98, 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.

NTGR Ratings for October 07:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	16.00
P2	19.97	19.98	19.50
P3	21.22	21.11	22.98

Support and Resistance Plot Chart for NTGR

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