El Paso Electric $EE Technical Update – Stock Traders Daily

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El Paso Electric $EE Technical Update

The El Paso Electric (NYSE: EE) 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 EE, 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 60.85 61.52 54.61
P2 61.42 64.00 61.33
P3 62.06 66.66 68.13

Long Term Trading Plans for EE

September 4, 2018, 11:30 am ET

The Technical Summary and Trading Plans for EE 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 EE Report.

EE – (Long) Support Plan

Buy over 61.33 target 68.13 stop loss @ 61.07.
The technical summary data tells us to buy EE near 61.33 with an upside target of 68.13. This data also tells us to set a stop loss @ 61.07 to protect against excessive loss in case the stock begins to move against the trade. 61.33 is the first level of support below 61.75 , and by rule, any test of support is a buy signal. In this case, support 61.33 is being tested, a buy signal would exist.

EE – (Short) Resistance Plan

Short under 68.13 target 61.33 stop loss @ 68.39
The technical summary data is suggesting a short of EE as it gets near 68.13 with a downside target of 61.33. We should have a stop loss in place at 68.39 though. 68.13 is the first level of resistance above 61.75, and by rule, any test of resistance is a short signal. In this case, if resistance 68.13 is being tested, a short signal would exist.

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