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 758.52, target n/a, stop loss @ 760.71 Details

The technical summary data is suggesting a short of EME as it gets near 758.52, 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 760.71. 758.52 is the first level of resistance above 742.75, and by rule, any test of resistance is a short signal. In this case, if resistance 758.52 is being tested, so a short signal would exist.

Swing Trading Plans for EME

• Buy EME slightly over 758.52, target 759.26, Stop Loss @ 756.33 Details

If 758.52 begins to break higher, the technical summary data tells us to buy EME just over 758.52, with an upside target of 759.26. The data also tells us to set a stop loss @ 756.33 in case the stock turns against the trade. 758.52 is the first level of resistance above 742.75, and by rule, any break above resistance is a buy signal. In this case, 758.52, 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 758.52, target 730.65, Stop Loss @ 760.71. Details

The technical summary data is suggesting a short of EME if it tests 758.52 with a downside target of 730.65. We should have a stop loss in place at 760.71 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, 758.52, 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 752.99, target 758.52, Stop Loss @ 751.23 Details

If 752.99 begins to break higher, the technical summary data tells us to buy EME just over 752.99, with an upside target of 758.52. The data also tells us to set a stop loss @ 751.23 in case the stock turns against the trade. 752.99 is the first level of resistance above 742.75, and by rule, any break above resistance is a buy signal. In this case, 752.99, 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 752.99, target 733.24, Stop Loss @ 754.75. Details

The technical summary data is suggesting a short of EME if it tests 752.99 with a downside target of 733.24. We should have a stop loss in place at 754.75 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, 752.99, 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