When the Price of (PJP) Talks, People Listen

October 19, 2024, 09:58 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PJP

• Buy PJP near 87.77 target 90.27 stop loss @ 87.52 Details

The technical summary data tells us to buy PJP near 87.77 with an upside target of 90.27. This data also tells us to set a stop loss @ 87.52 to protect against excessive loss in case the stock begins to move against the trade. 87.77 is the first level of support below 88.5413 , and by rule, any test of support is a buy signal. In this case, support 87.77 is being tested, a buy signal would exist.

• Short PJP slightly under 90.27, target 87.77, stop loss @ 90.53 Details

The technical summary data is suggesting a short of PJP as it gets near 90.27 with a downside target of 87.77. We should have a stop loss in place at 90.53though. 90.27 is the first level of resistance above 88.5413, and by rule, any test of resistance is a short signal. In this case, if resistance 90.27 is being tested, a short signal would exist.

Swing Trading Plans for PJP

• Buy PJP slightly over 90.27, target n/a, Stop Loss @ 90.01 Details

If 90.27 begins to break higher, the technical summary data tells us to buy PJP just slightly over 90.27, with an upside target of n/a. The data also tells us to set a stop loss @ 90.01 in case the stock turns against the trade. 90.27 is the first level of resistance above 88.5413, and by rule, any break above resistance is a buy signal. In this case, 90.27, 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 PJP slightly near 90.27, target 88.46, Stop Loss @ 90.53. Details

The technical summary data is suggesting a short of PJP if it tests 90.27 with a downside target of 88.46. We should have a stop loss in place at 90.53 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, 90.27, 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 PJP

• Buy PJP slightly over 89.02, target 90.27, Stop Loss @ 88.81 Details

If 89.02 begins to break higher, the technical summary data tells us to buy PJP just slightly over 89.02, with an upside target of 90.27. The data also tells us to set a stop loss @ 88.81 in case the stock turns against the trade. 89.02 is the first level of resistance above 88.5413, and by rule, any break above resistance is a buy signal. In this case, 89.02, 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 PJP slightly near 89.02, target 88.46, Stop Loss @ 89.23. Details

The technical summary data is suggesting a short of PJP if it tests 89.02 with a downside target of 88.46. We should have a stop loss in place at 89.23 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, 89.02, 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 Invesco Dynamic Pharmaceuticals Etf (PJP) available here: PJP.

PJP Ratings for October 19:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	85.19
P2	88.39	87.29	87.77
P3	89.02	88.46	90.27

AI Generated Signals for PJP

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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 Invesco Dynamic Pharmaceuticals Etf (NYSE: PJP) 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 PJP 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.