Eaton Vance $EV Technical Update – Stock Traders Daily

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Eaton Vance $EV Technical Update

The Eaton Vance (NYSE: EV) 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 EV, 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 Weak Neutral Neutral
P1 51.47 50.56 49.18
P2 52.75 52.65 52.66
P3 53.66 54.73 55.89

Long Term Trading Plans for EV

September 4, 2018, 7:00 pm ET

The Technical Summary and Trading Plans for EV 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 EV Report.

EV – (Long) Support Plan

Buy over 49.18 target 52.66 stop loss @ 48.92.
The technical summary data tells us to buy EV near 49.18 with an upside target of 52.66. This data also tells us to set a stop loss @ 48.92 to protect against excessive loss in case the stock begins to move against the trade. 49.18 is the first level of support below 52.32 , and by rule, any test of support is a buy signal. In this case, support 49.18 would be being tested, so a buy signal would exist.

EV – (Short) Resistance Plan

Short under 52.66 target 49.18 stop loss @ 52.92.
The technical summary data is suggesting a short of EV as it gets near 52.66 with a downside target of 49.18. We should have a stop loss in place at 52.92 though. 52.66 is the first level of resistance above 52.32, and by rule, any test of resistance is a short signal. In this case, if resistance 52.66 is being tested, so a short signal would exist.

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