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September 28, 2024, 00:40 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy SWX near 70.84 with an upside target of 76.43. This data also tells us to set a stop loss @ 70.64 to protect against excessive loss in case the stock begins to move against the trade. 70.84 is the first level of support below 74.52 , and by rule, any test of support is a buy signal. In this case, support 70.84 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of SWX as it gets near 76.43 with a downside target of 70.84. We should have a stop loss in place at 76.65though. 76.43 is the first level of resistance above 74.52, and by rule, any test of resistance is a short signal. In this case, if resistance 76.43 is being tested, so a short signal would exist.
If 74.75 begins to break higher, the technical summary data tells us to buy SWX just slightly over 74.75, with an upside target of 76.43. The data also tells us to set a stop loss @ 74.53 in case the stock turns against the trade. 74.75 is the first level of resistance above 74.52, and by rule, any break above resistance is a buy signal. In this case, 74.75, 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 SWX if it tests 74.75 with a downside target of 70.84. We should have a stop loss in place at 74.97 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, 74.75, 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 74.75 begins to break higher, the technical summary data tells us to buy SWX just slightly over 74.75, with an upside target of 75.3. The data also tells us to set a stop loss @ 74.58 in case the stock turns against the trade. 74.75 is the first level of resistance above 74.52, and by rule, any break above resistance is a buy signal. In this case, 74.75, 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 SWX if it tests 74.75 with a downside target of 74.45. We should have a stop loss in place at 74.92 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, 74.75, 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.
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Southwest Gas Holdings Inc. (de) (NYSE: SWX) data table below can help you with price action, and we have more details too. Trading plans for SWX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.