This price action in Watts Water Technologies (NYSE: WTS) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for WTS below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 113.20 |
P2 | 116.14 | 116.41 | 123.14 |
P3 | 119.13 | 122.83 | 134.06 |
Long Term Trading Plans for WTS
February 22, 2021, 4:30 am ET
The Technical Summary and Trading Plans for WTS 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 WTS Report.
WTS - (Long) Support Plan
The technical summary data tells us to buy WTS near 113.20 with an upside target of 123.14. This data also tells us to set a stop loss @ 112.87 to protect against excessive loss in case the stock begins to move against the trade. 113.20 is the first level of support below 119.5 , and by rule, any test of support is a buy signal. In this case, support 113.20 would be being tested, so a buy signal would exist.
WTS - (Short) Resistance Plan
The technical summary data is suggesting a short of WTS as it gets near 123.14 with a downside target of 113.20. We should have a stop loss in place at 123.5though. 123.14 is the first level of resistance above 119.5, and by rule, any test of resistance is a short signal. In this case, if resistance 123.14 is being tested, so a short signal would exist.