Jan 05, 2020 (Stock Traders Daily via COMTEX) -- The 2020-01-02 /zigman2/quotes/209548385/composite NVR +0.03% update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for NVR, and 1300 other stocks too, updated in real time for our trial subscribers . The data below is a snapshot, but updates are available now.
The Technical Summary and Trading Plans for NVR 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 NVR Report.
The technical summary data tells us to buy NVR near 3755.52 with an upside target of 3968.77. This data also tells us to set a stop loss @ 3755.26 to protect against excessive loss in case the stock begins to move against the trade. 3755.52 is the first level of support below 3781.43 , and by rule, any test of support is a buy signal. In this case, support 3755.52 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of NVR as it gets near 3968.77 with a downside target of 3755.52. We should have a stop loss in place at 3969.03 though. 3968.77 is the first level of resistance above 3781.43, and by rule, any test of resistance is a short signal. In this case, if resistance 3968.77 is being tested, so a short signal would exist.