When the Price of (INSP) Talks, People Listen

January 09, 2024, 04:56 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INSP

• Buy INSP slightly over 178.07 target 229.88 stop loss @ 177.56 Details

The technical summary data tells us to buy INSP near 178.07 with an upside target of 229.88. This data also tells us to set a stop loss @ 177.56 to protect against excessive loss in case the stock begins to move against the trade. 178.07 is the first level of support below 191.73 , and by rule, any test of support is a buy signal. In this case, support 178.07 is being tested, a buy signal would exist.

• Short INSP slightly under 229.88, target 178.07, stop loss @ 230.54 Details

The technical summary data is suggesting a short of INSP as it gets near 229.88 with a downside target of 178.07. We should have a stop loss in place at 230.54though. 229.88 is the first level of resistance above 191.73, and by rule, any test of resistance is a short signal. In this case, if resistance 229.88 is being tested, a short signal would exist.

Swing Trading Plans for INSP

• Buy INSP slightly over 192.4, target 229.88, Stop Loss @ 191.84 Details

If 192.4 begins to break higher, the technical summary data tells us to buy INSP just slightly over 192.4, with an upside target of 229.88. The data also tells us to set a stop loss @ 191.84 in case the stock turns against the trade. 192.4 is the first level of resistance above 191.73, and by rule, any break above resistance is a buy signal. In this case, 192.4, 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 INSP slightly near 192.4, target 178.07, Stop Loss @ 192.96. Details

The technical summary data is suggesting a short of INSP if it tests 192.4 with a downside target of 178.07. We should have a stop loss in place at 192.96 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, 192.4, 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 INSP

• Buy INSP slightly over 192.4, target 229.88, Stop Loss @ 191.95 Details

If 192.4 begins to break higher, the technical summary data tells us to buy INSP just slightly over 192.4, with an upside target of 229.88. The data also tells us to set a stop loss @ 191.95 in case the stock turns against the trade. 192.4 is the first level of resistance above 191.73, and by rule, any break above resistance is a buy signal. In this case, 192.4, 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 INSP slightly near 192.4, target 191.03, Stop Loss @ 192.85. Details

The technical summary data is suggesting a short of INSP if it tests 192.4 with a downside target of 191.03. We should have a stop loss in place at 192.85 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, 192.4, 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 Inspire Medical Systems Inc. (INSP) available here: INSP.

INSP Ratings for January 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	125.21
P2	171.33	169.55	178.07
P3	191.03	192.4	229.88

AI Generated Signals for INSP

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Inspire Medical Systems Inc. (NASDAQ: INSP) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for INSP can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.