PGX - Using the Action in Invesco Preferred to our Advantage

Our job as investors is to pay attention to the stocks we own.  Part of that involves looking at the fundamentals, but half of the disclosure comes from looking at price action. The Invesco Preferred (NYSE: PGX) data table below can help you with price action, and we have more details too. Trading plans for PGX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Long Term Trading Plans for PGX

April 7, 2021, 12:00 am 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 14.86 with an upside target of 15.22. This data also tells us to set a stop loss @ 14.82 to protect against excessive loss in case the stock begins to move against the trade. 14.86 is the first level of support below 15.1 , and by rule, any test of support is a buy signal. In this case, support 14.86 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 15.22 with a downside target of 14.86. We should have a stop loss in place at 15.26though. 15.22 is the first level of resistance above 15.1, and by rule, any test of resistance is a short signal. In this case, if resistance 15.22 is being tested, so a short signal would exist.