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

July 1, 2024, 4:12 a.m. ET, BY Neal – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for EIM

• Buy EIM just above 10.39, target 10.85, stop loss at 10.36 details

The technical summary data tells us to buy EIM at 10.39 with an upside target of 10.85. This data also tells us to set a stop loss at 10.36 to protect ourselves from excessive losses in case the stock starts moving against the trade. 10.39 is the first level of support below 10.58 and any test of support is usually a buy signal. In this case, the support at 10.39 is tested, a buy signal would be present.

• Short EIM just below 10.85, target 10.39, stop loss at 10.88 details

The technical summary data suggests a short of EIM as it approaches 10.85, with a downside target of 10.39. However, we should place a stop loss at 10.88. 10.85 is the first resistance above 10.58, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 10.85 resistance is tested.

Swing Trading Plans for EIM

• Buy EIM just above n/a, target n/a, stop loss at 0 details

If $n/a starts to break higher, the technical summary data tells us to buy EIM just above $n/a, with an upside target of $n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. $n/a is the first resistance level above 10.58, and according to the rule, any break above resistance is a buy signal. In this case, $n/a, the initial resistance, would break higher, 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 EIM slightly near n/a, target 10.58, stop loss at 0. details

The technical summary data suggests a short of EIM if it tests n/a with a downside target of 10.58. However, we should set a stop loss at 0 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present when a resistance, n/a, 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 EIM

• Buy EIM just above 10.59, target 10.85, stop loss at 10.57 details

If 10.59 starts to rise, the technical summary data tells us to buy EIM just above 10.59, with an upside target of 10.85. The data also tells us to set a stop loss at 10.57 in case the stock turns against the trade. 10.59 is the first resistance level above 10.58, and any break above resistance is usually a buy signal. In this case, 10.59, 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 EIM close to 10.59, target 9.9, stop loss at 10.61. details

The technical summary data suggests a short of EIM if it tests 10.59 with a downside target of 9.9. However, we should place a stop loss at 10.61 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 10.59 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 Eaton Vance Municipal Bond Fund Of Beneficial Interest $.01 Face Value (EIM) available here: EIM.

EIM ratings for July 1:

AI-generated signals for EIM

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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 Eaton Vance Municipal Bond Fund Of Beneficial Interest $.01 Face Value The data table (NYSE:EIM) below can help you with the price action and we also have more details. Trading plans for EIM are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.