How we use the (FSS) price action to our advantage

June 28, 2024, 8:56 PM ET, BY David D. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for FSS

• Buy FSS just above 82.79, target 88.66, stop loss at 82.55 details

The technical summary data tells us to buy FSS at 82.79 with an upside target of 88.66. This data also tells us to set a stop loss at 82.55 to protect ourselves from excessive losses in case the stock starts to move against the trade. 82.79 is the first support level below 83.67, and any test of support is usually a buy signal. In this case, support at 82.79 would be tested, so a buy signal would be present.

• Short FSS just below 88.66, target 82.79, stop loss at 88.92 details

The technical summary data suggests a short of FSS as it approaches 88.66, with a downside target of 82.79. However, we should place a stop loss at 88.92. 88.66 is the first resistance level above 83.67, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 88.66 resistance is tested.

Swing Trading Plans for FSS

• Buy FSS just above 85.11, target 88.66, stop loss at 84.86 details

If 85.11 starts to rise, the technical summary data tells us to buy FSS just above 85.11, with an upside target of 88.66. The data also tells us to set a stop loss at 84.86 in case the stock turns against the trade. 85.11 is the first resistance level above 83.67, and any break above resistance is usually a buy signal. In this case, 85.11, 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 FSS just near 85.11, target 82.98, stop loss at 85.36. details

The technical summary data suggests a short of FSS if 85.11 is tested with a downside target of 82.98. However, we should place a stop loss at 85.36 in case the stock starts moving against the trade. Any test of a resistance is basically a short signal. In this case, a short signal would be present if the resistance 85.11 is tested. Since this plan is a short plan based on a test of a resistance, it is called a short resistance plan.

Day trading plans for FSS

• Buy FSS just above 84.82, target 85.11, stop loss at 84.62 details

If 84.82 starts to rise, the technical summary data tells us to buy FSS just above 84.82, with an upside target of 85.11. The data also tells us to set a stop loss at 84.62 in case the stock turns against the trade. 84.82 is the first resistance level above 83.67, and any break above resistance is usually a buy signal. In this case, 84.82, the initial resistance, would move up, 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 FSS just near 84.82, target 83.3, stop loss at 85.02. details

The technical summary data suggests a short of FSS if 84.82 is tested with a downside target of 83.3. However, we should place a stop loss at 85.02 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 84.82 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 Federal Signal Corporation (FSS) available here: FSS.

FSS ratings for June 28:

AI-generated signals for FSS

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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 Federal Signal Corporation The data table (NYSE:FSS) below can help you with the price action and we also have more details. Trading plans for FSS are also displayed here; these plans are updated in real-time for subscribers, where this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.