Ishares Nasdaq Biotechnology E $IBB Technical Update – Stock Traders Daily

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Ishares Nasdaq Biotechnology E $IBB Technical Update

The Ishares Nasdaq Biotechnology E (NYSE: IBB) 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 IBB, 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 Strong Neutral Neutral
P1 111.40 107.36 91.77
P2 113.42 115.36 105.00
P3 114.72 122.77 117.15

Long Term Trading Plans for IBB

March 16, 2019, 6:00 pm ET

The Technical Summary and Trading Plans for IBB 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 IBB Report.

IBB – (Long) Support Plan

The technical summary data tells us to buy IBB near 105.00 with an upside target of 117.15. This data also tells us to set a stop loss @ 104.74 to protect against excessive loss in case the stock begins to move against the trade. 105.00 is the first level of support below 114.2 , and by rule, any test of support is a buy signal. In this case, support 105.00 is being tested, a buy signal would exist.

IBB – (Short) Resistance Plan

The technical summary data is suggesting a short of IBB as it gets near 117.15 with a downside target of 105.00. We should have a stop loss in place at 117.41 though. 117.15 is the first level of resistance above 114.2, and by rule, any test of resistance is a short signal. In this case, if resistance 117.15 is being tested, a short signal would exist.

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