Investor Alert

May 28, 2019, 3:55 a.m. EDT

Mobile Mini $MINI Technical Update

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

May 28, 2019 (Stock Traders Daily via COMTEX) -- The Mobile Mini (NASDAQ: MINI) 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 MINI, 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

The Technical Summary and Trading Plans for MINI 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 MINI Report.

The technical summary data tells us to buy MINI near 27.36 with an upside target of 32.69. This data also tells us to set a stop loss @ 27.1 to protect against excessive loss in case the stock begins to move against the trade. 27.36 is the first level of support below 32.2 , and by rule, any test of support is a buy signal. In this case, support 27.36 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of MINI as it gets near 32.69 with a downside target of 27.36. We should have a stop loss in place at 32.95 though. 32.69 is the first level of resistance above 32.2, and by rule, any test of resistance is a short signal. In this case, if resistance 32.69 is being tested, so a short signal would exist.

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.