ACOR - Changes to the Price of Acorda Therapeutics Influence Investor Perception
Often, the action in a stock is based on investors perceptions, but it can be a circular event. Not only is the price action representative of perception, but it can influence perception too. In the case of Acorda Therapeutics (NASDAQ: ACOR) we can see this in the charts. The data for ACOR in the summary table and trading plans below are intended to provide an example of how to extrapolate this. Our 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 .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 2.87 | |||
| P2 | |||
| 5.71 | |||
| 6.09 | |||
| 4.60 | |||
| P3 | |||
| 6.12 | |||
| 6.87 | |||
| 6.64 |
Long Term Trading Plans for ACOR
February 23, 2021, 11:15 pm ET
The Technical Summary and Trading Plans for ACOR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ACOR Report.
ACOR - (Long) Support Plan
The technical summary data tells us to buy ACOR near 4.60 with an upside target of 6.64. This data also tells us to set a stop loss @ 4.59 to protect against excessive loss in case the stock begins to move against the trade. 4.60 is the first level of support below 6.14 , and by rule, any test of support is a buy signal. In this case, support 4.60 is being tested, a buy signal would exist.
ACOR - (Short) Resistance Plan
The technical summary data is suggesting a short of ACOR as it gets near 6.64 with a downside target of 4.60. We should have a stop loss in place at 6.66though. 6.64 is the first level of resistance above 6.14, and by rule, any test of resistance is a short signal. In this case, if resistance 6.64 is being tested, a short signal would exist.