When (TRI) Moves Investors should Listen
December 06, 2024, 21:42 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TRI
- Buy TRI near 162.35 target 171.05 stop loss @ 161.88 Details
The technical summary data tells us to buy TRI near 162.35 with an upside target of 171.05. This data also tells us to set a stop loss @ 161.88 to protect against excessive loss in case the stock begins to move against the trade. 162.35 is the first level of support below 170.56 , and by rule, any test of support is a buy signal. In this case, support 162.35 would be being tested, so a buy signal would exist.
- Short TRI slightly under 171.05, target 162.35, stop loss @ 171.54 Details
The technical summary data is suggesting a short of TRI as it gets near 171.05 with a downside target of 162.35. We should have a stop loss in place at 171.54though. 171.05 is the first level of resistance above 170.56, and by rule, any test of resistance is a short signal. In this case, if resistance 171.05 is being tested, so a short signal would exist.
Swing Trading Plans for TRI
- Buy TRI slightly over 171.05, target 179.82, Stop Loss @ 170.56 Details
If 171.05 begins to break higher, the technical summary data tells us to buy TRI just slightly over 171.05, with an upside target of 179.82. The data also tells us to set a stop loss @ 170.56 in case the stock turns against the trade. 171.05 is the first level of resistance above 170.56, and by rule, any break above resistance is a buy signal. In this case, 171.05, 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 TRI slightly near 171.05, target 168.79, Stop Loss @ 171.54. Details
The technical summary data is suggesting a short of TRI if it tests 171.05 with a downside target of 168.79. We should have a stop loss in place at 171.54 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, 171.05, 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 TRI
- Buy TRI slightly over 171.05, target 179.82, Stop Loss @ 170.65 Details
If 171.05 begins to break higher, the technical summary data tells us to buy TRI just slightly over 171.05, with an upside target of 179.82. The data also tells us to set a stop loss @ 170.65 in case the stock turns against the trade. 171.05 is the first level of resistance above 170.56, and by rule, any break above resistance is a buy signal. In this case, 171.05, 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 TRI slightly near 171.05, target 170.38, Stop Loss @ 171.45. Details
The technical summary data is suggesting a short of TRI if it tests 171.05 with a downside target of 170.38. We should have a stop loss in place at 171.45 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, 171.05, 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 Thomson Reuters Corp (TRI) available here: TRI.
TRI Ratings for December 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
162.35 |
| P2 |
168.91 |
165.48 |
171.05 |
| P3 |
170.38 |
168.79 |
179.82 |
AI Generated Signals for TRI
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 Thomson Reuters Corp (NYSE: TRI) report below is a real world example. Included are trading plans for TRI, 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 TRI:
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