Dillards $DDS Technical Update – Stock Traders Daily

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Dillards $DDS Technical Update

The Dillards (NYSE: DDS) 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 DDS, 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 Weak Neutral
P1 75.96 67.98 72.99
P2 78.19 76.09 88.95
P3 79.11 84.74 105.28

Long Term Trading Plans for DDS

September 4, 2018, 1:30 am ET

The Technical Summary and Trading Plans for DDS 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 DDS Report.

DDS – (Long) Support Plan

Buy over 72.99 target 88.95 stop loss @ 72.73.
The technical summary data tells us to buy DDS near 72.99 with an upside target of 88.95. This data also tells us to set a stop loss @ 72.73 to protect against excessive loss in case the stock begins to move against the trade. 72.99 is the first level of support below 78.58 , and by rule, any test of support is a buy signal. In this case, support 72.99 would be being tested, so a buy signal would exist.

DDS – (Short) Resistance Plan

Short under 88.95 target 72.99 stop loss @ 89.21.
The technical summary data is suggesting a short of DDS as it gets near 88.95 with a downside target of 72.99. We should have a stop loss in place at 89.21 though. 88.95 is the first level of resistance above 78.58, and by rule, any test of resistance is a short signal. In this case, if resistance 88.95 is being tested, so a short signal would exist.

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