J&j Snack Foods $JJSF Technical Update
The J&j Snack Foods (NASDAQ: JJSF) 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 JJSF, 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:
Long Term Trading Plans for JJSF
September 6, 2018, 10:30 am ET
The Technical Summary and Trading Plans for JJSF 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 JJSF Report.
JJSF – (Long) Support Plan
Buy over 146.65 target 161.72 stop loss @ 146.39.
The technical summary data tells us to buy JJSF near 146.65 with an upside target of 161.72. This data also tells us to set a stop loss @ 146.39 to protect against excessive loss in case the stock begins to move against the trade. 146.65 is the first level of support below 147.05 , and by rule, any test of support is a buy signal. In this case, support 146.65 is being tested, a buy signal would exist.
JJSF – (Short) Resistance Plan
Short under 161.72 target 146.65 stop loss @ 161.98
The technical summary data is suggesting a short of JJSF as it gets near 161.72 with a downside target of 146.65. We should have a stop loss in place at 161.98 though. 161.72 is the first level of resistance above 147.05, and by rule, any test of resistance is a short signal. In this case, if resistance 161.72 is being tested, a short signal would exist.
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