How we can use the (IEP) price action to our advantage

June 22, 2024, 10:32 a.m. ET, BY Tom S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for IEP

• Buy IEP just above 14.88, target 17.96, stop loss at 14.84 details

The technical summary data tells us to buy IEP at 14.88 with an upside target of 17.96. This data also tells us to set a stop loss at 14.84 to protect ourselves from excessive losses in case the stock starts moving against the trade. 14.88 is the first support level below 15.68 and any test of support is usually a buy signal. In this case, the support at 14.88 is tested, a buy signal would be present.

• Short IEP just below 17.96, target 14.88, stop loss at 18.01 details

The technical summary data suggests a short of IEP as it approaches 17.96, with a downside target of 14.88. However, we should place a stop loss at 18.01. 17.96 is the first resistance level above 15.68, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 17.96 resistance is tested.

Swing Trading Plans for IEP

• Buy IEP just above 16.06, target 17.96, stop loss at 16.01 details

If 16.06 starts to rise, the technical summary data tells us to buy IEP just above 16.06, with an upside target of 17.96. The data also tells us to set a stop loss at 16.01 in case the stock turns against the trade. 16.06 is the first resistance level above 15.68, and any break above resistance is usually a buy signal. In this case, 16.06, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short IEP just near 16.06, target 15.64, stop loss at 16.11. details

The technical summary data suggests a short of IEP if it tests 16.06 with a downside target of 15.64. However, we should place a stop loss at 16.11 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 16.06 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for IEP

• Buy IEP just above 15.76, target 16.06, stop loss at 15.72 details

If 15.76 starts to rise, the technical summary data tells us to buy IEP just above 15.76, with an upside target of 16.06. The data also tells us to set a stop loss at 15.72 in case the stock turns against the trade. 15.76 is the first resistance level above 15.68, and any break above resistance is usually a buy signal. In this case, 15.76, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short IEP just near 15.76, target 14.88, stop loss at 15.8. details

The technical summary data suggests a short of IEP if it tests 15.76 with a downside target of 14.88. However, we should place a stop loss at 15.8 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 15.76 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Icahn Enterprises Lp (IEP) available here: IEP (Integrated Enterprise Enterprise) – Translation for “Integrated Enterprise Enterprise” in German

IEP Ratings for June 22:

AI-generated signals for IEP

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Icahn Enterprises Lp The data table (NYSE:IEP) below can help you with the price action and we have more details as well. Trading plans for IEP are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.