Dycom Industries $DY Technical Update
The Dycom Industries (NYSE: DY) 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 DY, 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:
Long Term Trading Plans for DY
September 4, 2018, 9:30 am ET
The Technical Summary and Trading Plans for DY 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 DY Report.
DY – (Long) Support Plan
Buy over 72.43 target 85.29 stop loss @ 72.17.
The technical summary data tells us to buy DY near 72.43 with an upside target of 85.29. This data also tells us to set a stop loss @ 72.17 to protect against excessive loss in case the stock begins to move against the trade. 72.43 is the first level of support below 83.91 , and by rule, any test of support is a buy signal. In this case, support 72.43 would be being tested, so a buy signal would exist.
DY – (Short) Resistance Plan
Short under 85.29 target 72.43 stop loss @ 85.55.
The technical summary data is suggesting a short of DY as it gets near 85.29 with a downside target of 72.43. We should have a stop loss in place at 85.55 though. 85.29 is the first level of resistance above 83.91, and by rule, any test of resistance is a short signal. In this case, if resistance 85.29 is being tested, so a short signal would exist.
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