When Invalid Iqfeed Symbol (FMBI) Moves Investors should Listen

March 09, 2022, 16:00 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Invalid Iqfeed Symbol (NASDAQ: FMBI) report below is a real world example. Included are trading plans for FMBI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for FMBI

• Buy FMBI slightly over 19.81 target 21.64 stop loss @ 19.75 Details

The technical summary data tells us to buy FMBI near 19.81 with an upside target of 21.64. This data also tells us to set a stop loss @ 19.75 to protect against excessive loss in case the stock begins to move against the trade. 19.81 is the first level of support below 21.51 , and by rule, any test of support is a buy signal. In this case, support 19.81 is being tested, a buy signal would exist.

• Short FMBI under 21.64, target 19.81, stop loss @ 21.7 Details

The technical summary data is suggesting a short of FMBI as it gets near 21.64 with a downside target of 19.81. We should have a stop loss in place at 21.7though. 21.64 is the first level of resistance above 21.51, and by rule, any test of resistance is a short signal. In this case, if resistance 21.64 is being tested, a short signal would exist.

Swing Trading Plans for FMBI

• Buy FMBI slightly over 21.64, target n/a, Stop Loss @ 21.58 Details

If 21.64 begins to break higher, the technical summary data tells us to buy FMBI just slightly over 21.64, with an upside target of n/a. The data also tells us to set a stop loss @ 21.58 in case the stock turns against the trade. 21.64 is the first level of resistance above 21.51, and by rule, any break above resistance is a buy signal. In this case, 21.64, 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 FMBI near 21.64, target 21.18, Stop Loss @ 21.7. Details

The technical summary data is suggesting a short of FMBI if it tests 21.64 with a downside target of 21.18. We should have a stop loss in place at 21.7 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, 21.64, 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 FMBI

• Buy FMBI slightly over 21.64, target n/a, Stop Loss @ 21.59 Details

If 21.64 begins to break higher, the technical summary data tells us to buy FMBI just slightly over 21.64, with an upside target of n/a. The data also tells us to set a stop loss @ 21.59 in case the stock turns against the trade. 21.64 is the first level of resistance above 21.51, and by rule, any break above resistance is a buy signal. In this case, 21.64, 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 FMBI near 21.64, target 21.18, Stop Loss @ 21.69. Details

The technical summary data is suggesting a short of FMBI if it tests 21.64 with a downside target of 21.18. We should have a stop loss in place at 21.69 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, 21.64, 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.

FMBI Ratings for March 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	18.17
P2	21.11	21.18	19.81
P3	21.45	21.55	21.64

Support and Resistance Plot Chart for FMBI

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