Gannett New $GCI Technical Update – Stock Traders Daily

This post was originally published on this site

Gannett New $GCI Technical Update

The Gannett New (NYSE: GCI) 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 GCI, 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 10.10 9.82 8.60
P2 10.35 10.38 10.06
P3 10.60 10.97 11.51

Long Term Trading Plans for GCI

September 5, 2018, 8:00 am ET

The Technical Summary and Trading Plans for GCI 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 GCI Report.

GCI – (Long) Support Plan

Buy over 10.06 target 11.51 stop loss @ 9.8.
The technical summary data tells us to buy GCI near 10.06 with an upside target of 11.51. This data also tells us to set a stop loss @ 9.8 to protect against excessive loss in case the stock begins to move against the trade. 10.06 is the first level of support below 10.18 , and by rule, any test of support is a buy signal. In this case, support 10.06 is being tested, a buy signal would exist.

GCI – (Short) Resistance Plan

Short under 11.51 target 10.06 stop loss @ 11.77
The technical summary data is suggesting a short of GCI as it gets near 11.51 with a downside target of 10.06. We should have a stop loss in place at 11.77 though. 11.51 is the first level of resistance above 10.18, and by rule, any test of resistance is a short signal. In this case, if resistance 11.51 is being tested, a short signal would exist.

This post was originally published on *this site*