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March 31, 2021, 3:47 a.m. EDT

Timing Trades in Webster Financial $WBS can be Risky if you Don't Have Discipline

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Mar 31, 2021 (Stock Traders Daily via COMTEX) -- Trading Webster Financial /zigman2/quotes/207965570/composite WBS +0.22% or any other stock for that matter requires a degree of disciple that not every investor has. Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it. The data we offer below for WBS has been compiled in such as way as to demonstrate how to do this using a real-time example. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for WBS 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 WBS Report.

The technical summary data tells us to buy WBS near 51.03 with an upside target of 57.82. This data also tells us to set a stop loss @ 50.88 to protect against excessive loss in case the stock begins to move against the trade. 51.03 is the first level of support below 56.46 , and by rule, any test of support is a buy signal. In this case, support 51.03 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of WBS as it gets near 57.82 with a downside target of 51.03. We should have a stop loss in place at 57.99though. 57.82 is the first level of resistance above 56.46, and by rule, any test of resistance is a short signal. In this case, if resistance 57.82 is being tested, a short signal would exist.

COMTEX_383667324/2570/2021-03-31T03:47:04

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/207965570/composite
US : U.S.: NYSE
$ 57.74
+0.13 +0.22%
Volume: 470,036
May 18, 2021 1:47p
P/E Ratio
18.47
Dividend Yield
2.77%
Market Cap
$5.21 billion
Rev. per Employee
N/A
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