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$SHYD | ($SHYD) Investment Analysis and Advice (SHYD)

By Thomas Kee

$SHYD | ($SHYD) Investment Analysis and Advice (SHYD)

The technical summary data tells us to buy SHYD near 22.3 with an upside target of 22.52. This data also tells us to set a stop loss @ 22.24 to protect against excessive loss in case the stock begins to move against the trade. 22.3 is the first level of support below 22.51 , and by rule, any test of support is a buy signal. In this case, support 22.3 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of SHYD as it gets near 22.52 with a downside target of 22.3. We should have a stop loss in place at 22.59though. 22.52 is the first level of resistance above 22.51, and by rule, any test of resistance is a short signal. In this case, if resistance 22.52 is being tested, so a short signal would exist.

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