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July 23, 2022, 8:16 a.m. EDT

Sonoco Products SON Pivots Trading Plans and Risk Controls

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Jul 23, 2022 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Sonoco Products /zigman2/quotes/201691559/composite SON -2.22% with integrated risk controls.

The trading plans were valid at the time this was published, but the support and resistance levels for SON change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Use the basic rules of Technical Analysis. Here are some examples: if SON is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for SON too. All of these are offered here: Access our Real Time Trading Plans

  • Buy SON over 60.46 target n/a stop loss @ 60.29.

  • NONE .

  • Buy SON over n/a, target n/a, Stop Loss @ 0

  • Short SON near n/a, target 61.57, Stop Loss @ 0.

  • Buy SON over 63.26, target n/a, Stop Loss @ 63.11

  • Short SON near 63.26, target 61.75, Stop Loss @ 63.41.

SON Technical Summary | Raw Data for the Trading Plans

COMTEX_410807266/2570/2022-07-23T08:16:23

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/201691559/composite
US : U.S.: NYSE
$ 56.82
-1.29 -2.22%
Volume: 735,488
Sept. 23, 2022 4:00p
P/E Ratio
13.27
Dividend Yield
3.45%
Market Cap
$5.54 billion
Rev. per Employee
$318,824
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