Jun 18, 2021 (Stock Traders Daily via COMTEX) -- If you would like a Trading Report like this for all of your stocks, please click here: Stock Traders Daily Free Trial .
Our Longer Term Plans for DG help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this DG Report.
Buy DG over 208.61 target 223.44 stop loss @ 208.01
The technical summary data tells us to buy DG near 208.61 with an upside target of 223.44. This data also tells us to set a stop loss @ 208.01 to protect against excessive loss in case the stock begins to move against the trade. 208.61 is the first level of support below 212.7 , and by rule, any test of support is a buy signal. In this case, support 208.61 is being tested, a buy signal would exist.
Short DG under 223.44, target 208.61, stop loss @ 224.09
The technical summary data is suggesting a short of DG as it gets near 223.44 with a downside target of 208.61. We should have a stop loss in place at 224.09though. 223.44 is the first level of resistance above 212.7, and by rule, any test of resistance is a short signal. In this case, if resistance 223.44 is being tested, a short signal would exist.
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.