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

July 07, 2024, 05:08 AM ET, BY Mitchell H. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for RXD

• Buy RXD just above 10.4, target 11.34, stop loss at 10.37 details

The technical summary data tells us to buy RXD at 10.4 with an upside target of 11.34. This data also tells us to set a stop loss at 10.37 to protect ourselves from excessive losses in case the stock starts moving against the trade. 10.4 is the first support level below 10.7129 and any test of support is usually a buy signal. In this case, the 10.4 support is tested, a buy signal would be present.

• Short RXD just below 11.34, target 10.4, stop loss at 11.37 details

The technical summary data suggests a short of RXD as it approaches 11.34, with a downside target of 10.4. However, we should place a stop loss at 11.37. 11.34 is the first resistance level above 10.7129, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 11.34 resistance is tested.

Swing Trading Plans for RXD

• Buy RXD just above 11.34, target nz, stop loss at 11.31 details

If 11.34 starts to rise, the technical summary data tells us to buy RXD just above 11.34, with an upside target of $n/a. The data also tells us to set a stop loss at 11.31 in case the stock turns against the trade. 11.34 is the first resistance level above 10.7129, and any break above resistance is usually a buy signal. In this case, 11.34, 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 RXD close to 11.34, target 10.71, stop loss at 11.37. details

The technical summary data suggests a short of RXD if it tests 11.34 with a downside target of 10.71. However, we should place a stop loss at 11.37 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 11.34 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 RXD

• Buy RXD just above 10.9, target 11.34, stop loss at 10.87 details

If 10.9 starts to rise, the technical summary data tells us to buy RXD just above 10.9, with an upside target of 11.34. The data also tells us to set a stop loss at 10.87 in case the stock turns against the trade. 10.9 is the first resistance level above 10.7129, and any break above resistance is usually a buy signal. In this case, 10.9, 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 RXD just near 10.9, target 10.4, stop loss at 10.93. details

The technical summary data suggests a short of RXD if it tests 10.9 with a downside target of 10.4. However, we should set a stop loss at 10.93 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 10.9 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 Proshares Ultrashort Health Care -2x shares (RXD) available here: RXD.

RXD Reviews for July 07:

AI-generated signals for RXD

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

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 Proshares Ultrashort Health Care -2x shares The data table (NYSE:RXD) below can help you with the price action and we also have more details. Trading plans for RXD 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.