Both opportunity and risk assessments can be drawn from looking at the price action in Kansas City Southern (NYSE: KSU). This is a practice commonly referred to as reading the charts. The summary data for KSU below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want 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 | Neutral | Strong |
P1 | 0 | 0 | 200.78 |
P2 | 212.36 | 213.06 | 215.01 |
P3 | 217.84 | 219.30 | 229.16 |
Long Term Trading Plans for KSU
February 27, 2021, 4:30 pm ET
The Technical Summary and Trading Plans for KSU 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 KSU Report.
KSU - (Long) Support Plan
The technical summary data tells us to buy KSU near 200.78 with an upside target of 215.01. This data also tells us to set a stop loss @ 200.2 to protect against excessive loss in case the stock begins to move against the trade. 200.78 is the first level of support below 212.34 , and by rule, any test of support is a buy signal. In this case, support 200.78 would be being tested, so a buy signal would exist.
KSU - (Short) Resistance Plan
The technical summary data is suggesting a short of KSU as it gets near 215.01 with a downside target of 200.78. We should have a stop loss in place at 215.63though. 215.01 is the first level of resistance above 212.34, and by rule, any test of resistance is a short signal. In this case, if resistance 215.01 is being tested, so a short signal would exist.