When (TBT) Moves Investors should Listen
January 27, 2024, 07:18 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TBT
- Buy TBT slightly over 32.81 target 37.04 stop loss @ 32.72 Details
The technical summary data tells us to buy TBT near 32.81 with an upside target of 37.04. This data also tells us to set a stop loss @ 32.72 to protect against excessive loss in case the stock begins to move against the trade. 32.81 is the first level of support below 33.86 , and by rule, any test of support is a buy signal. In this case, support 32.81 would be being tested, so a buy signal would exist.
- Short TBT slightly under 37.04, target 32.81, stop loss @ 37.15 Details
The technical summary data is suggesting a short of TBT as it gets near 37.04 with a downside target of 32.81. We should have a stop loss in place at 37.15though. 37.04 is the first level of resistance above 33.86, and by rule, any test of resistance is a short signal. In this case, if resistance 37.04 is being tested, so a short signal would exist.
Swing Trading Plans for TBT
- Buy TBT slightly over 34.77, target 37.04, Stop Loss @ 34.67 Details
If 34.77 begins to break higher, the technical summary data tells us to buy TBT just slightly over 34.77, with an upside target of 37.04. The data also tells us to set a stop loss @ 34.67 in case the stock turns against the trade. 34.77 is the first level of resistance above 33.86, and by rule, any break above resistance is a buy signal. In this case, 34.77, 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 TBT slightly near 34.77, target 33.86, Stop Loss @ 34.87. Details
The technical summary data is suggesting a short of TBT if it tests 34.77 with a downside target of 33.86. We should have a stop loss in place at 34.87 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, 34.77, 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 TBT
- Buy TBT slightly over 34.24, target 34.77, Stop Loss @ 34.16 Details
If 34.24 begins to break higher, the technical summary data tells us to buy TBT just slightly over 34.24, with an upside target of 34.77. The data also tells us to set a stop loss @ 34.16 in case the stock turns against the trade. 34.24 is the first level of resistance above 33.86, and by rule, any break above resistance is a buy signal. In this case, 34.24, 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 TBT slightly near 34.24, target 33.86, Stop Loss @ 34.32. Details
The technical summary data is suggesting a short of TBT if it tests 34.24 with a downside target of 33.86. We should have a stop loss in place at 34.32 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, 34.24, 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 Powershares Ultrashort Lehman 20+ Year Treasury Proshares 2x Shares (TBT) available here: TBT.
TBT Ratings for January 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
32.81 |
| P2 |
33.61 |
33.86 |
37.04 |
| P3 |
34.24 |
34.77 |
41.93 |
AI Generated Signals for TBT
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 Powershares Ultrashort Lehman 20+ Year Treasury Proshares 2x Shares (NYSE: TBT) report below is a real world example. Included are trading plans for TBT, 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 TBT:
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