(DY) Proactive Strategies

June 28, 2024, 19:02 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DY

• Buy DY slightly over 156.93 target 176.65 stop loss @ 156.48 Details

The technical summary data tells us to buy DY near 156.93 with an upside target of 176.65. This data also tells us to set a stop loss @ 156.48 to protect against excessive loss in case the stock begins to move against the trade. 156.93 is the first level of support below 168.76 , and by rule, any test of support is a buy signal. In this case, support 156.93 is being tested, a buy signal would exist.

• Short DY slightly under 176.65, target 156.93, stop loss @ 177.16 Details

The technical summary data is suggesting a short of DY as it gets near 176.65 with a downside target of 156.93. We should have a stop loss in place at 177.16though. 176.65 is the first level of resistance above 168.76, and by rule, any test of resistance is a short signal. In this case, if resistance 176.65 is being tested, a short signal would exist.

Swing Trading Plans for DY

• Buy DY slightly over 176.65, target n/a, Stop Loss @ 176.14 Details

If 176.65 begins to break higher, the technical summary data tells us to buy DY just slightly over 176.65, with an upside target of n/a. The data also tells us to set a stop loss @ 176.14 in case the stock turns against the trade. 176.65 is the first level of resistance above 168.76, and by rule, any break above resistance is a buy signal. In this case, 176.65, 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 DY slightly near 176.65, target 168.12, Stop Loss @ 177.16. Details

The technical summary data is suggesting a short of DY if it tests 176.65 with a downside target of 168.12. We should have a stop loss in place at 177.16 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, 176.65, 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 DY

• Buy DY slightly over 168.9, target 171.53, Stop Loss @ 168.51 Details

If 168.9 begins to break higher, the technical summary data tells us to buy DY just slightly over 168.9, with an upside target of 171.53. The data also tells us to set a stop loss @ 168.51 in case the stock turns against the trade. 168.9 is the first level of resistance above 168.76, and by rule, any break above resistance is a buy signal. In this case, 168.9, 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 DY slightly near 168.9, target 168.12, Stop Loss @ 169.29. Details

The technical summary data is suggesting a short of DY if it tests 168.9 with a downside target of 168.12. We should have a stop loss in place at 169.29 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, 168.9, 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 Dycom Industries Inc. (DY) available here: DY.

DY Ratings for June 28:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	138.19
P2	168.9	160.04	156.93
P3	171.53	168.12	176.65

AI Generated Signals for DY

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Don't over think it!  Trading Dycom Industries Inc. (NYSE: DY) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DY 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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DY too.  All of these are offered below the Summary Table.