How the price action of Steris Plc ($STE) is used to our Advantage

October 10, 2023, 22:30 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for STE

• Buy STE slightly over 214.50 target 228.64 stop loss @ 213.88 Details

The technical summary data tells us to buy STE near 214.50 with an upside target of 228.64. This data also tells us to set a stop loss @ 213.88 to protect against excessive loss in case the stock begins to move against the trade. 214.50 is the first level of support below 227.52 , and by rule, any test of support is a buy signal. In this case, support 214.50 would be being tested, so a buy signal would exist.

• Short STE slightly under 228.64, target 214.50, stop loss @ 229.3 Details

The technical summary data is suggesting a short of STE as it gets near 228.64 with a downside target of 214.50. We should have a stop loss in place at 229.3though. 228.64 is the first level of resistance above 227.52, and by rule, any test of resistance is a short signal. In this case, if resistance 228.64 is being tested, so a short signal would exist.

Swing Trading Plans for STE

• Buy STE slightly over 228.64, target 244.61, Stop Loss @ 227.98 Details

If 228.64 begins to break higher, the technical summary data tells us to buy STE just slightly over 228.64, with an upside target of 244.61. The data also tells us to set a stop loss @ 227.98 in case the stock turns against the trade. 228.64 is the first level of resistance above 227.52, and by rule, any break above resistance is a buy signal. In this case, 228.64, 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 STE slightly near 228.64, target 226.49, Stop Loss @ 229.3. Details

The technical summary data is suggesting a short of STE if it tests 228.64 with a downside target of 226.49. We should have a stop loss in place at 229.3 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, 228.64, 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 STE

• Buy STE slightly over 228.64, target 229.17, Stop Loss @ 228.11 Details

If 228.64 begins to break higher, the technical summary data tells us to buy STE just slightly over 228.64, with an upside target of 229.17. The data also tells us to set a stop loss @ 228.11 in case the stock turns against the trade. 228.64 is the first level of resistance above 227.52, and by rule, any break above resistance is a buy signal. In this case, 228.64, 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 STE slightly near 228.64, target 226.90, Stop Loss @ 229.17. Details

The technical summary data is suggesting a short of STE if it tests 228.64 with a downside target of 226.90. We should have a stop loss in place at 229.17 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, 228.64, 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  Steris Plc (STE) available here: STE.

STE Ratings for October 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	214.50
P2	226.90	218.71	228.64
P3	229.17	226.49	244.61

AI Generated Signals for STE

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Steris Plc (NYSE: STE) data table below can help you with price action, and we have more details too. Trading plans for STE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.