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

July 14, 2024, 7:58 AM ET, BY Jake B. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for SAR

• Buy SAR just above 22.51, target 23.61, stop loss at 22.44 details

The technical summary data tells us to buy SAR at 22.51 with an upside target of 23.61. This data also tells us to set a stop loss at 22.44 to protect ourselves from excessive losses in case the stock starts moving against the trade. 22.51 is the first support level below 23.24 and any test of support is usually a buy signal. In this case, the support at 22.51 is tested, a buy signal would be present.

• Short SAR just below 23.61, target 22.51, stop loss at 23.68 details

The technical summary data suggests a short of SAR as it approaches 23.61, with a downside target of 22.51. However, we should place a stop loss at 23.68. 23.61 is the first resistance level above 23.24, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 23.61 resistance is tested.

Swing Trading Plans for SAR

• Buy SAR just above 23.35, target 23.61, stop loss at 23.28 details

If 23.35 starts to rise, the technical summary data tells us to buy SAR just above 23.35, with an upside target of 23.61. The data also tells us to set a stop loss at 23.28 in case the stock turns against the trade. 23.35 is the first resistance level above 23.24, and any break above resistance is usually a buy signal. In this case, 23.35, 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 SAR close to 23.35, target 22.84, stop loss at 23.42. details

The technical summary data suggests a short of SAR if it tests 23.35 with a downside target of 22.84. However, we should place a stop loss at 23.42 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 23.35 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 SAR

• Buy SAR just above 23.35, target 23.65, stop loss at 23.3 details

If 23.35 starts to rise, the technical summary data tells us to buy SAR just above 23.35, with an upside target of 23.65. The data also tells us to set a stop loss at 23.3 in case the stock turns against the trade. 23.35 is the first resistance level above 23.24, and any break above resistance is usually a buy signal. In this case, 23.35, 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 SAR close to 23.35, target 22.84, stop loss at 23.4. details

The technical summary data suggests a short of SAR if it tests 23.35 with a downside target of 22.84. However, we should place a stop loss at 23.4 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 23.35 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 Saratoga Investment Corp New (SAR) available here: SAR.

SAR ratings for July 14:

AI-generated signals for SAR

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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 Saratoga Investment Corp New The data table (NYSE:SAR) below can help you with the price action and we also have more details. Trading plans for SAR 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.