2024-04-15 17:00:00 ET
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Wesco International Inc. (NYSE: WCC) with integrated risk controls.
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for WCC change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if WCC is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for WCC too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for WCC
- Buy WCC slightly over 145.85 target 166.57 stop loss @ 145.43
- Short WCC slightly under 166.57, target 145.85, stop loss @ 167.05
Swing Trading Plans for WCC
- Buy WCC slightly over 163.69, target 166.57, Stop Loss @ 163.22
- Short WCC slightly near 163.69, target 145.85, Stop Loss @ 164.16.
Day Trading Plans for WCC
- Buy WCC slightly over 160.17, target 163.69, Stop Loss @ 159.8
- Short WCC slightly near 160.17, target 145.85, Stop Loss @ 160.54.
WCC Technical Summary | Raw Data for the Trading Plans
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 145.85 |
P2 | 160.17 | 163.69 | 166.57 |
P3 | 163.55 | 170.61 | 187.15 |