Discover Financial $DFS Technical Update – Stock Traders Daily

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Discover Financial $DFS Technical Update

The Discover Financial (NYSE: DFS) 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 DFS, 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 Neutral Strong Neutral
P1 77.45 71.85 66.65
P2 78.11 76.72 73.02
P3 78.62 81.42 79.07

Long Term Trading Plans for DFS

September 4, 2018, 2:15 am ET

The Technical Summary and Trading Plans for DFS 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 DFS Report.

DFS – (Long) Support Plan

Buy over 73.02 target 79.07 stop loss @ 72.76.
The technical summary data tells us to buy DFS near 73.02 with an upside target of 79.07. This data also tells us to set a stop loss @ 72.76 to protect against excessive loss in case the stock begins to move against the trade. 73.02 is the first level of support below 78.12 , and by rule, any test of support is a buy signal. In this case, support 73.02 is being tested, a buy signal would exist.

DFS – (Short) Resistance Plan

Short under 79.07 target 73.02 stop loss @ 79.33
The technical summary data is suggesting a short of DFS as it gets near 79.07 with a downside target of 73.02. We should have a stop loss in place at 79.33 though. 79.07 is the first level of resistance above 78.12, and by rule, any test of resistance is a short signal. In this case, if resistance 79.07 is being tested, a short signal would exist.

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