Jacobs Engineering $JEC Technical Update – Stock Traders Daily

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Jacobs Engineering $JEC Technical Update

The Jacobs Engineering (NYSE: JEC) 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 JEC, 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 71.65 69.68 57.97
P2 72.38 73.12 67.05
P3 73.15 76.62 75.89

Long Term Trading Plans for JEC

September 6, 2018, 10:15 am ET

The Technical Summary and Trading Plans for JEC 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 JEC Report.

JEC – (Long) Support Plan

Buy over 67.05 target 75.89 stop loss @ 66.79.
The technical summary data tells us to buy JEC near 67.05 with an upside target of 75.89. This data also tells us to set a stop loss @ 66.79 to protect against excessive loss in case the stock begins to move against the trade. 67.05 is the first level of support below 72.68 , and by rule, any test of support is a buy signal. In this case, support 67.05 is being tested, a buy signal would exist.

JEC – (Short) Resistance Plan

Short under 75.89 target 67.05 stop loss @ 76.15
The technical summary data is suggesting a short of JEC as it gets near 75.89 with a downside target of 67.05. We should have a stop loss in place at 76.15 though. 75.89 is the first level of resistance above 72.68, and by rule, any test of resistance is a short signal. In this case, if resistance 75.89 is being tested, a short signal would exist.

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