When the Price of Spdr S&p Biotech $XBI Talks, People Listen
May 02, 2023, 03:15 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XBI
- Buy XBI slightly over 72.60 target 82.28 stop loss @ 72.39 Details
The technical summary data tells us to buy XBI near 72.60 with an upside target of 82.28. This data also tells us to set a stop loss @ 72.39 to protect against excessive loss in case the stock begins to move against the trade. 72.60 is the first level of support below 82.07 , and by rule, any test of support is a buy signal. In this case, support 72.60 would be being tested, so a buy signal would exist.
- Short XBI slightly under 82.28, target 72.60, stop loss @ 82.52 Details
The technical summary data is suggesting a short of XBI as it gets near 82.28 with a downside target of 72.60. We should have a stop loss in place at 82.52though. 82.28 is the first level of resistance above 82.07, and by rule, any test of resistance is a short signal. In this case, if resistance 82.28 is being tested, so a short signal would exist.
Swing Trading Plans for XBI
- Buy XBI slightly over 82.28, target 92.06, Stop Loss @ 82.04 Details
If 82.28 begins to break higher, the technical summary data tells us to buy XBI just slightly over 82.28, with an upside target of 92.06. The data also tells us to set a stop loss @ 82.04 in case the stock turns against the trade. 82.28 is the first level of resistance above 82.07, and by rule, any break above resistance is a buy signal. In this case, 82.28, 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 XBI slightly near 82.28, target 79.15, Stop Loss @ 82.52. Details
The technical summary data is suggesting a short of XBI if it tests 82.28 with a downside target of 79.15. We should have a stop loss in place at 82.52 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, 82.28, 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 XBI
- Buy XBI slightly over 82.28, target 92.06, Stop Loss @ 82.09 Details
If 82.28 begins to break higher, the technical summary data tells us to buy XBI just slightly over 82.28, with an upside target of 92.06. The data also tells us to set a stop loss @ 82.09 in case the stock turns against the trade. 82.28 is the first level of resistance above 82.07, and by rule, any break above resistance is a buy signal. In this case, 82.28, 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 XBI slightly near 82.28, target 81.88, Stop Loss @ 82.47. Details
The technical summary data is suggesting a short of XBI if it tests 82.28 with a downside target of 81.88. We should have a stop loss in place at 82.47 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, 82.28, 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 Spdr S&p Biotech (XBI) available here: XBI.
XBI Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
72.60 |
| P2 |
79.50 |
79.15 |
82.28 |
| P3 |
81.88 |
82.15 |
92.06 |
AI Generated Signals for XBI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Spdr S&p Biotech (NYSE: XBI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for XBI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for XBI:
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