RE - How to Develop Trading Plans for Everest Re Group and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Everest Re Group (NYSE: RE) to foretell upcoming changes. A current example is provided below. There are trading plans for RE, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Neutral | |||
| Neutral | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 183.26 | |||
| P2 | |||
| 240.72 | |||
| 244.60 | |||
| 215.73 | |||
| P3 | |||
| 245.24 | |||
| 253.49 | |||
| 245.35 |
Long Term Trading Plans for RE
February 20, 2021, 5:30 am ET
The Technical Summary and Trading Plans for RE 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 RE Report.
RE - (Long) Support Plan
The technical summary data tells us to buy RE near 215.73 with an upside target of 245.35. This data also tells us to set a stop loss @ 215.11 to protect against excessive loss in case the stock begins to move against the trade. 215.73 is the first level of support below 239.3 , and by rule, any test of support is a buy signal. In this case, support 215.73 is being tested, a buy signal would exist.
RE - (Short) Resistance Plan
The technical summary data is suggesting a short of RE as it gets near 245.35 with a downside target of 215.73. We should have a stop loss in place at 246.06though. 245.35 is the first level of resistance above 239.3, and by rule, any test of resistance is a short signal. In this case, if resistance 245.35 is being tested, a short signal would exist.