When (FITBO) Moves Investors should Listen
July 01, 2024, 13:30 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FITBO
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short FITBO slightly under 20.59, target n/a, stop loss @ 20.65 Details
The technical summary data is suggesting a short of FITBO as it gets near 20.59, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 20.65. 20.59 is the first level of resistance above 19.595, and by rule, any test of resistance is a short signal. In this case, if resistance 20.59 is being tested, so a short signal would exist.
Swing Trading Plans for FITBO
- Buy FITBO slightly over 19.64, target 20.59, Stop Loss @ 19.58 Details
If 19.64 begins to break higher, the technical summary data tells us to buy FITBO just slightly over 19.64, with an upside target of 20.59. The data also tells us to set a stop loss @ 19.58 in case the stock turns against the trade. 19.64 is the first level of resistance above 19.595, and by rule, any break above resistance is a buy signal. In this case, 19.64, 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 FITBO slightly near 19.64, target 19.36, Stop Loss @ 19.7. Details
The technical summary data is suggesting a short of FITBO if it tests 19.64 with a downside target of 19.36. We should have a stop loss in place at 19.7 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, 19.64, 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 FITBO
- Buy FITBO slightly over 19.64, target 20.59, Stop Loss @ 19.59 Details
If 19.64 begins to break higher, the technical summary data tells us to buy FITBO just slightly over 19.64, with an upside target of 20.59. The data also tells us to set a stop loss @ 19.59 in case the stock turns against the trade. 19.64 is the first level of resistance above 19.595, and by rule, any break above resistance is a buy signal. In this case, 19.64, 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 FITBO slightly near 19.64, target n/a, Stop Loss @ 19.69. Details
The technical summary data is suggesting a short of FITBO if it tests 19.64 with a downside target of n/a. We should have a stop loss in place at 19.69 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, 19.64, 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 Fifth Third Bancorp Depositary Shares Each Representing A 1/1000th Ownership Interest In A Share Of Non-cumulative Perpetual Preferred Stock Series K (FITBO) available here: FITBO.
FITBO Ratings for July 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
20.59 |
| P2 |
19.5 |
19.36 |
22.18 |
| P3 |
0 |
19.64 |
23.78 |
AI Generated Signals for FITBO
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 Fifth Third Bancorp Depositary Shares Each Representing A 1/1000th Ownership Interest In A Share Of Non-cumulative Perpetual Preferred Stock Series K (NASDAQ: FITBO) report below is a real world example. Included are trading plans for FITBO, 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 FITBO:
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