Danaher $DHR Technical Update – Stock Traders Daily

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Danaher $DHR Technical Update

The Danaher (NYSE: DHR) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for DHR, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Neutral Neutral
P1 105.30 100.78 97.71
P2 106.66 104.17 102.80
P3 107.85 107.85 107.74

Long Term Trading Plans for DHR

September 14, 2018, 10:30 pm ET

The Technical Summary and Trading Plans for DHR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DHR Report.

DHR – (Long) Support Plan

Buy over 102.80 target 107.74 stop loss @ 102.54.
The technical summary data tells us to buy DHR near 102.80 with an upside target of 107.74. This data also tells us to set a stop loss @ 102.54 to protect against excessive loss in case the stock begins to move against the trade. 102.80 is the first level of support below 106.87 , and by rule, any test of support is a buy signal. In this case, support 102.80 is being tested, a buy signal would exist.

DHR – (Short) Resistance Plan

Short under 107.74 target 102.80 stop loss @ 108
The technical summary data is suggesting a short of DHR as it gets near 107.74 with a downside target of 102.80. We should have a stop loss in place at 108 though. 107.74 is the first level of resistance above 106.87, and by rule, any test of resistance is a short signal. In this case, if resistance 107.74 is being tested, a short signal would exist.

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