When (INSP) Moves Investors should Listen
July 02, 2024, 12:26 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INSP
- Buy INSP slightly over 116.17 target 165.05 stop loss @ 115.83 Details
The technical summary data tells us to buy INSP near 116.17 with an upside target of 165.05. This data also tells us to set a stop loss @ 115.83 to protect against excessive loss in case the stock begins to move against the trade. 116.17 is the first level of support below 135.19 , and by rule, any test of support is a buy signal. In this case, support 116.17 would be being tested, so a buy signal would exist.
- Short INSP slightly under 165.05, target 116.17, stop loss @ 165.53 Details
The technical summary data is suggesting a short of INSP as it gets near 165.05 with a downside target of 116.17. We should have a stop loss in place at 165.53though. 165.05 is the first level of resistance above 135.19, and by rule, any test of resistance is a short signal. In this case, if resistance 165.05 is being tested, so a short signal would exist.
Swing Trading Plans for INSP
- Buy INSP slightly over 137.26, target 165.05, Stop Loss @ 136.86 Details
If 137.26 begins to break higher, the technical summary data tells us to buy INSP just slightly over 137.26, with an upside target of 165.05. The data also tells us to set a stop loss @ 136.86 in case the stock turns against the trade. 137.26 is the first level of resistance above 135.19, and by rule, any break above resistance is a buy signal. In this case, 137.26, 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 INSP slightly near 137.26, target 120.32, Stop Loss @ 137.66. Details
The technical summary data is suggesting a short of INSP if it tests 137.26 with a downside target of 120.32. We should have a stop loss in place at 137.66 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, 137.26, 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 INSP
- Buy INSP slightly over 137.26, target 165.05, Stop Loss @ 136.94 Details
If 137.26 begins to break higher, the technical summary data tells us to buy INSP just slightly over 137.26, with an upside target of 165.05. The data also tells us to set a stop loss @ 136.94 in case the stock turns against the trade. 137.26 is the first level of resistance above 135.19, and by rule, any break above resistance is a buy signal. In this case, 137.26, 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 INSP slightly near 137.26, target 132.56, Stop Loss @ 137.58. Details
The technical summary data is suggesting a short of INSP if it tests 137.26 with a downside target of 132.56. We should have a stop loss in place at 137.58 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, 137.26, 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 Inspire Medical Systems Inc. (INSP) available here: INSP.
INSP Ratings for July 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
116.17 |
| P2 |
132.56 |
120.32 |
165.05 |
| P3 |
137.07 |
137.26 |
215.94 |
AI Generated Signals for INSP
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Inspire Medical Systems Inc. (NASDAQ: INSP) report below is a real world example. Included are trading plans for INSP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for INSP:
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