JBL - How Stock Traders Daily uses Price Action in Jabil Inc to Define Opportunity and Risk

Both opportunity and risk assessments can be drawn from looking at the price action in Jabil Inc (NYSE: JBL).   This is a practice commonly referred to as reading the charts.  The summary data for JBL below demonstrates this, and there are trading plans that help investors understand how to utilize the data too.  This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Long Term Trading Plans for JBL

March 8, 2021, 8:00 pm ET

The Technical Summary and Trading Plans for JBL 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 JBL Report.

JBL - (Long) Support Plan

The technical summary data tells us to buy JBL near 42.20 with an upside target of 45.04. This data also tells us to set a stop loss @ 42.08 to protect against excessive loss in case the stock begins to move against the trade. 42.20 is the first level of support below 43.66 , and by rule, any test of support is a buy signal. In this case, support 42.20 would be being tested, so a buy signal would exist.

JBL - (Short) Resistance Plan

The technical summary data is suggesting a short of JBL as it gets near 45.04 with a downside target of 42.20. We should have a stop loss in place at 45.17though. 45.04 is the first level of resistance above 43.66, and by rule, any test of resistance is a short signal. In this case, if resistance 45.04 is being tested, so a short signal would exist.