MVV - How to Develop Investment Plans for Proshares Ultra Midcap400 #MVV

#Investors in Proshares Ultra Midcap400 (NYSE: MVV) like to make good #decisions, that means they like to #buyandsell at the right times, and to do that the best tools involve charts, pivot points, and the technical data.  Below, we have provided a snapshot for MVV that reveals this information at the time of this article.  The data can be used to improve the timing of buy and sell decisions.  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 .

Technical Summary

Long Term Trading Plans for MVV

May 7, 2021, 12:45 am ET

The Technical Summary and Trading Plans for MVV 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 MVV Report.

MVV - (Long) Support Plan

The technical summary data tells us to buy MVV near 62.47 with an upside target of 68.06. This data also tells us to set a stop loss @ 62.29 to protect against excessive loss in case the stock begins to move against the trade. 62.47 is the first level of support below 66.45 , and by rule, any test of support is a buy signal. In this case, support 62.47 is being tested, a buy signal would exist.

MVV - (Short) Resistance Plan

The technical summary data is suggesting a short of MVV as it gets near 68.06 with a downside target of 62.47. We should have a stop loss in place at 68.26though. 68.06 is the first level of resistance above 66.45, and by rule, any test of resistance is a short signal. In this case, if resistance 68.06 is being tested, a short signal would exist.