PGX - How to Evaluate Invesco Preferred #PGX by Looking at the Charts

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The Invesco Preferred (NYSE: PGX) report below can help you understand how to do this. The trading plans for PGX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Long Term Trading Plans for PGX

May 7, 2021, 3:30 pm ET

The Technical Summary and Trading Plans for PGX 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 PGX Report.

PGX - (Long) Support Plan

The technical summary data tells us to buy PGX near 14.89 with an upside target of 15.18. This data also tells us to set a stop loss @ 14.85 to protect against excessive loss in case the stock begins to move against the trade. 14.89 is the first level of support below 15.1063 , and by rule, any test of support is a buy signal. In this case, support 14.89 would be being tested, so a buy signal would exist.

PGX - (Short) Resistance Plan

The technical summary data is suggesting a short of PGX as it gets near 15.18 with a downside target of 14.89. We should have a stop loss in place at 15.22though. 15.18 is the first level of resistance above 15.1063, and by rule, any test of resistance is a short signal. In this case, if resistance 15.18 is being tested, so a short signal would exist.