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

June 29, 2024, 3:50 AM ET, BY Thomas H. Kee Jr. – Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for PGX

• Buy PGX just above 11.28, target 11.73, stop loss at 11.25 details

The technical summary data tells us to buy PGX at 11.28 with an upside target of 11.73. This data also tells us to set a stop loss at 11.25 to protect ourselves from excessive losses in case the stock starts moving against the trade. 11.28 is the first level of support below 11.55 and according to the rule, any test of support is a buy signal. In this case, the support at 11.28 would be tested, so a buy signal would be present.

• Short PGX just below 11.73, target 11.28, stop loss at 11.76 details

The technical summary data suggests a short of PGX as it approaches 11.73, with a downside target of 11.28. However, we should place a stop loss at 11.76. 11.73 is the first resistance level above 11.55, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 11.73 resistance is tested.

Swing Trading Plans for PGX

• Buy PGX just above 11.73, target nz, stop loss at 11.7 details

If 11.73 starts to rise, the technical summary data tells us to buy PGX just above 11.73, with an upside target of $n/a. The data also tells us to set a stop loss at 11.7 in case the stock turns against the trade. 11.73 is the first resistance level above 11.55, and any break above resistance is usually a buy signal. In this case, 11.73, the initial resistance, would move 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 PGX close to 11.73, target 11.28, stop loss at 11.76. details

The technical summary data suggests a short of PGX if it tests 11.73, with a downside target of 11.28. However, we should set a stop loss at 11.76 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 if the resistance 11.73 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 PGX

• Buy PGX just above 11.73, target 12.13, stop loss at 11.7 details

If 11.73 starts to rise, the technical summary data tells us to buy PGX just above 11.73, with an upside target of 12.13. The data also tells us to set a stop loss at 11.7 in case the stock turns against the trade. 11.73 is the first resistance level above 11.55, and any break above resistance is usually a buy signal. In this case, 11.73, 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 PGX close to 11.73, target 11.28, stop loss at 11.76. details

The technical summary data suggests a short of PGX if it tests 11.73, with a downside target of 11.28. However, we should set a stop loss at 11.76 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 if the resistance 11.73 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 Invesco Preferred ETF (PGX) available here: PGX.

PGX Ratings for June 29:

AI-generated signals for PGX

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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 Invesco Preferred ETF The data table (NYSE:PGX) below can help you with the price action and we have more details as well. Trading plans for PGX 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 one here: Unlimited Real-Time Reports.