Technical Analysis

Longer Term Trading Plans for EME

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short EME slightly under 714.78, target n/a, stop loss @ 716.84 Details

The technical summary data is suggesting a short of EME as it gets near 714.78, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 716.84. 714.78 is the first level of resistance above 689.32, and by rule, any test of resistance is a short signal. In this case, if resistance 714.78 is being tested, so a short signal would exist.

Swing Trading Plans for EME

• Buy EME slightly over 714.78, target 818.91, Stop Loss @ 712.72 Details

If 714.78 begins to break higher, the technical summary data tells us to buy EME just over 714.78, with an upside target of 818.91. The data also tells us to set a stop loss @ 712.72 in case the stock turns against the trade. 714.78 is the first level of resistance above 689.32, and by rule, any break above resistance is a buy signal. In this case, 714.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short EME slightly near 714.78, target 682.59, Stop Loss @ 716.84. Details

The technical summary data is suggesting a short of EME if it tests 714.78 with a downside target of 682.59. We should have a stop loss in place at 716.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 714.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for EME

• Buy EME slightly over 710.5, target 714.78, Stop Loss @ 708.84 Details

If 710.5 begins to break higher, the technical summary data tells us to buy EME just over 710.5, with an upside target of 714.78. The data also tells us to set a stop loss @ 708.84 in case the stock turns against the trade. 710.5 is the first level of resistance above 689.32, and by rule, any break above resistance is a buy signal. In this case, 710.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short EME slightly near 710.5, target 687.51, Stop Loss @ 712.16. Details

The technical summary data is suggesting a short of EME if it tests 710.5 with a downside target of 687.51. We should have a stop loss in place at 712.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 710.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

EME Technical Summary | Raw Data for the Trading Plans