Kennametal $KMT Technical Update – Stock Traders Daily

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Kennametal $KMT Technical Update

The Kennametal (NYSE: KMT) 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 KMT, 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 Neutral Strong Neutral
P1 40.19 37.90 29.36
P2 40.76 40.39 35.28
P3 41.44 43.01 41.02

Long Term Trading Plans for KMT

September 6, 2018, 4:00 pm ET

The Technical Summary and Trading Plans for KMT 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 KMT Report.

KMT – (Long) Support Plan

Buy over 35.28 target 41.02 stop loss @ 35.02.
The technical summary data tells us to buy KMT near 35.28 with an upside target of 41.02. This data also tells us to set a stop loss @ 35.02 to protect against excessive loss in case the stock begins to move against the trade. 35.28 is the first level of support below 40.72 , and by rule, any test of support is a buy signal. In this case, support 35.28 is being tested, a buy signal would exist.

KMT – (Short) Resistance Plan

Short under 41.02 target 35.28 stop loss @ 41.28
The technical summary data is suggesting a short of KMT as it gets near 41.02 with a downside target of 35.28. We should have a stop loss in place at 41.28 though. 41.02 is the first level of resistance above 40.72, and by rule, any test of resistance is a short signal. In this case, if resistance 41.02 is being tested, a short signal would exist.

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