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 Dynamic Pharmaceut (NYSE: PJP) report below can help you understand how to do this. The trading plans for PJP, 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
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Neutral | Strong |
P1 | 0 | 0 | 74.60 |
P2 | 78.62 | 78.48 | 78.31 |
P3 | 79.84 | 79.86 | 82.11 |
Long Term Trading Plans for PJP
April 26, 2021, 7:15 am ET
The Technical Summary and Trading Plans for PJP 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 PJP Report.
PJP - (Long) Support Plan
The technical summary data tells us to buy PJP near 78.31 with an upside target of 82.11. This data also tells us to set a stop loss @ 78.08 to protect against excessive loss in case the stock begins to move against the trade. 78.31 is the first level of support below 79.5 , and by rule, any test of support is a buy signal. In this case, support 78.31 is being tested, a buy signal would exist.
PJP - (Short) Resistance Plan
The technical summary data is suggesting a short of PJP as it gets near 82.11 with a downside target of 78.31. We should have a stop loss in place at 82.35though. 82.11 is the first level of resistance above 79.5, and by rule, any test of resistance is a short signal. In this case, if resistance 82.11 is being tested, a short signal would exist.