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 Universal Health Services (NYSE: UHS) report below is a real world example. Included are trading plans for UHS, 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 | Strong | Strong | Strong |
P1 | 0 | 0 | 131.87 |
P2 | 148.02 | 147.47 | 140.88 |
P3 | 150.06 | 152.22 | 149.47 |
Long Term Trading Plans for UHS
April 29, 2021, 9:30 pm ET
The Technical Summary and Trading Plans for UHS 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 UHS Report.
UHS - (Long) Support Plan
The technical summary data tells us to buy UHS near 140.88 with an upside target of 149.47. This data also tells us to set a stop loss @ 140.47 to protect against excessive loss in case the stock begins to move against the trade. 140.88 is the first level of support below 148.59 , and by rule, any test of support is a buy signal. In this case, support 140.88 is being tested, a buy signal would exist.
UHS - (Short) Resistance Plan
The technical summary data is suggesting a short of UHS as it gets near 149.47 with a downside target of 140.88. We should have a stop loss in place at 149.9though. 149.47 is the first level of resistance above 148.59, and by rule, any test of resistance is a short signal. In this case, if resistance 149.47 is being tested, a short signal would exist.