Trading Report for Acorda Therapeutics ACOR With Buy and Sell Signals

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Weak Strong
P1 0 0 4.00
P2 3.67 3.56 5.40
P3 3.87 3.82 7.03

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Acorda Therapeutics (NASDAQ: ACOR) while incorporating prudent risk controls. 

Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for ACOR change over time, and the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. 

Instructions: The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ACOR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

This data is further refined to differentiate trading plans for Day Trading ACOR, Swing Trading ACOR, and Long Term Investing plans for ACOR too.

Longer Term Trading Plans for ACOR

June 10, 2021, 8:15 pm ET

Our Longer Term Plans for ACOR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ACOR Report.

ACOR - (Long) Support Plan

NONE.

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.

ACOR - (Short) Resistance Plan

Short under 4.00, target n/a, stop loss @ 4.01

The technical summary data is suggesting a short of ACOR as it gets near 4.00, 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 4.01. 4.00 is the first level of resistance above 3.8, and by rule, any test of resistance is a short signal. In this case, if resistance 4.00 is being tested, so a short signal would exist.


ACOR Long Term Analysis for June 10 2021

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Swing Trading Plans for ACOR

June 10, 2021, 8:15 pm ET

Our Swing Trading Plans for ACOR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ACOR Report.

ACOR - (Long) Support Plan

Buy over 4.00, target 5.40, Stop Loss @ 3.99

If 4.00 begins to break higher, the technical summary data tells us to buy ACOR just over 4.00, with an upside target of 5.40. The data also tells us to set a stop loss @ 3.99 in case the stock turns against the trade. 4.00 is the first level of resistance above 3.8, and by rule, any break above resistance is a buy signal. In this case, 4.00, 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.

ACOR - (Short) Resistance Plan

Short near 4.00, target 3.56, Stop Loss @ 4.01.

The technical summary data is suggesting a short of ACOR if it tests 4.00 with a downside target of 3.56. We should have a stop loss in place at 4.01 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, 4.00, 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.


ACOR Swing Trading Analysis for June 10 2021

Day Trading Plans for ACOR

June 10, 2021, 8:15 pm ET

Our Day Trading Plans for ACOR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ACOR Report.

ACOR - (Long) Support Plan

Buy over 4.00, target 5.40, Stop Loss @ 3.99

If 4.00 begins to break higher, the technical summary data tells us to buy ACOR just over 4.00, with an upside target of 5.40. The data also tells us to set a stop loss @ 3.99 in case the stock turns against the trade. 4.00 is the first level of resistance above 3.8, and by rule, any break above resistance is a buy signal. In this case, 4.00, 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.

ACOR - (Short) Resistance Plan

Short near 4.00, target n/a, Stop Loss @ 4.01.

The technical summary data is suggesting a short of ACOR if it tests 4.00 with a downside target of n/a. We should have a stop loss in place at 4.01 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, 4.00, 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.


ACOR Day Trading Analysis for June 10 2021