Investor Alert

Feb. 6, 2020, 3:15 a.m. EST

Ishares 20+ Year Treasury Bond $TLT Trading Report

Feb 06, 2020 (Stock Traders Daily via COMTEX) -- The Ishares 20+ Year Treasury Bond (NAS:TLT) 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 TLT, and 1300 other stocks too, updated in real time for our trial subscribers . The data below is a snapshot, but updates are available now.

Technical Summary

Bias Strong Neutral Strong
P1 0 0 138.90
P2 142.16 143.97 144.69
P3 144.25 147.06 151.21

The Technical Summary and Trading Plans for TLT 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 TLT Report.

The technical summary data tells us to buy TLT near 138.90 with an upside target of 144.69. This data also tells us to set a stop loss @ 138.64 to protect against excessive loss in case the stock begins to move against the trade. 138.90 is the first level of support below 142.01 , and by rule, any test of support is a buy signal. In this case, support 138.90 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of TLT as it gets near 144.69 with a downside target of 138.90. We should have a stop loss in place at 144.95 though. 144.69 is the first level of resistance above 142.01, and by rule, any test of resistance is a short signal. In this case, if resistance 144.69 is being tested, so a short signal would exist.


Link to MarketWatch's Slice.