Apr 10, 2021 (Stock Traders Daily via COMTEX) -- When influential investors make decisions to buy and sell securities, they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Exelon /zigman2/quotes/205982254/composite EXC +2.18% report below can help you understand how to do this. The trading plans for EXC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for EXC 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 EXC Report.
The technical summary data tells us to buy EXC near 42.98 with an upside target of 45.32. This data also tells us to set a stop loss @ 42.86 to protect against excessive loss in case the stock begins to move against the trade. 42.98 is the first level of support below 44.83 , and by rule, any test of support is a buy signal. In this case, support 42.98 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of EXC as it gets near 45.32 with a downside target of 42.98. We should have a stop loss in place at 45.45though. 45.32 is the first level of resistance above 44.83, and by rule, any test of resistance is a short signal. In this case, if resistance 45.32 is being tested, a short signal would exist.
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