RE - Managing Risk in Everest Re Group by Using Price Action
This price action in Everest Re Group (NYSE: RE) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for RE below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | |||
Strong | |||
Strong | |||
Strong | |||
P1 | |||
0 | |||
0 | |||
224.69 | |||
P2 | |||
250.86 | |||
252.01 | |||
240.19 | |||
P3 | |||
254.33 | |||
258.15 | |||
255.07 |
Long Term Trading Plans for RE
March 20, 2021, 4:45 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 240.19 with an upside target of 255.07. This data also tells us to set a stop loss @ 239.5 to protect against excessive loss in case the stock begins to move against the trade. 240.19 is the first level of support below 245.83 , and by rule, any test of support is a buy signal. In this case, support 240.19 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 255.07 with a downside target of 240.19. We should have a stop loss in place at 255.81though. 255.07 is the first level of resistance above 245.83, and by rule, any test of resistance is a short signal. In this case, if resistance 255.07 is being tested, a short signal would exist.