Ishares Us Telecommunications Etf $IYZ Technical Update – Stock Traders Daily

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Ishares U.s. Telecommunications Etf $IYZ Technical Update

The Ishares U.s. Telecommunications Etf (NYSE: IYZ) 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 IYZ, 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 Strong Neutral
P1 29.21 28.27 26.03
P2 29.70 29.28 27.85
P3 0 30.28 29.62

Long Term Trading Plans for IYZ

September 6, 2018, 8:15 am ET

The Technical Summary and Trading Plans for IYZ 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 IYZ Report.

IYZ – (Long) Support Plan

Buy over 27.85 target 29.62 stop loss @ 27.59.
The technical summary data tells us to buy IYZ near 27.85 with an upside target of 29.62. This data also tells us to set a stop loss @ 27.59 to protect against excessive loss in case the stock begins to move against the trade. 27.85 is the first level of support below 29.38 , and by rule, any test of support is a buy signal. In this case, support 27.85 is being tested, a buy signal would exist.

IYZ – (Short) Resistance Plan

Short under 29.62 target 27.85 stop loss @ 29.88
The technical summary data is suggesting a short of IYZ as it gets near 29.62 with a downside target of 27.85. We should have a stop loss in place at 29.88 though. 29.62 is the first level of resistance above 29.38, and by rule, any test of resistance is a short signal. In this case, if resistance 29.62 is being tested, a short signal would exist.

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