MHO - When M/i Homes #MHO Moves Investors should Listen
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The M/i Homes (NYSE: MHO) report below is a real world example. Included are trading plans for MHO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 51.87 | |||
| P2 | |||
| 57.76 | |||
| 57.83 | |||
| 57.77 | |||
| P3 | |||
| 60.15 | |||
| 60.48 | |||
| 63.59 |
Long Term Trading Plans for MHO
April 25, 2021, 8:45 am ET
The Technical Summary and Trading Plans for MHO 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 MHO Report.
MHO - (Long) Support Plan
The technical summary data tells us to buy MHO near 57.77 with an upside target of 63.59. This data also tells us to set a stop loss @ 57.6 to protect against excessive loss in case the stock begins to move against the trade. 57.77 is the first level of support below 59.61 , and by rule, any test of support is a buy signal. In this case, support 57.77 is being tested, a buy signal would exist.
MHO - (Short) Resistance Plan
The technical summary data is suggesting a short of MHO as it gets near 63.59 with a downside target of 57.77. We should have a stop loss in place at 63.77though. 63.59 is the first level of resistance above 59.61, and by rule, any test of resistance is a short signal. In this case, if resistance 63.59 is being tested, a short signal would exist.