International Game Tech $IGT Technical Update – Stock Traders Daily

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International Game Tech $IGT Technical Update

The International Game Tech (NYSE: IGT) 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 IGT, 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 Weak Neutral
P1 19.73 18.10 19.01
P2 20.34 20.68 22.88
P3 21.17 23.35 26.83

Long Term Trading Plans for IGT

September 6, 2018, 3:45 am ET

The Technical Summary and Trading Plans for IGT 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 IGT Report.

IGT – (Long) Support Plan

Buy over 19.01 target 22.88 stop loss @ 18.75.
The technical summary data tells us to buy IGT near 19.01 with an upside target of 22.88. This data also tells us to set a stop loss @ 18.75 to protect against excessive loss in case the stock begins to move against the trade. 19.01 is the first level of support below 20.22 , and by rule, any test of support is a buy signal. In this case, support 19.01 would be being tested, so a buy signal would exist.

IGT – (Short) Resistance Plan

Short under 22.88 target 19.01 stop loss @ 23.14.
The technical summary data is suggesting a short of IGT as it gets near 22.88 with a downside target of 19.01. We should have a stop loss in place at 23.14 though. 22.88 is the first level of resistance above 20.22, and by rule, any test of resistance is a short signal. In this case, if resistance 22.88 is being tested, so a short signal would exist.

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