Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
August 11, 2024, 12:02 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy EHC near 81.98 with an upside target of 87.72. This data also tells us to set a stop loss @ 81.74 to protect against excessive loss in case the stock begins to move against the trade. 81.98 is the first level of support below 85.72 , and by rule, any test of support is a buy signal. In this case, support 81.98 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of EHC as it gets near 87.72 with a downside target of 81.98. We should have a stop loss in place at 87.97though. 87.72 is the first level of resistance above 85.72, and by rule, any test of resistance is a short signal. In this case, if resistance 87.72 is being tested, so a short signal would exist.
If 87.72 begins to break higher, the technical summary data tells us to buy EHC just slightly over 87.72, with an upside target of 88.38. The data also tells us to set a stop loss @ 87.47 in case the stock turns against the trade. 87.72 is the first level of resistance above 85.72, and by rule, any break above resistance is a buy signal. In this case, 87.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of EHC if it tests 87.72 with a downside target of 83.54. We should have a stop loss in place at 87.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 87.23 begins to break higher, the technical summary data tells us to buy EHC just slightly over 87.23, with an upside target of 87.72. The data also tells us to set a stop loss @ 87.03 in case the stock turns against the trade. 87.23 is the first level of resistance above 85.72, and by rule, any break above resistance is a buy signal. In this case, 87.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of EHC if it tests 87.23 with a downside target of 83.84. We should have a stop loss in place at 87.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Encompass Health Corporation (EHC) available here: EHC.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
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 Encompass Health Corporation (NYSE: EHC) report below can help you understand how to do this. The trading plans for EHC, 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.