Learn to Evaluate Mdu Resources Group (MDU) using the Charts – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for MDU
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short MDU under 32.35, target n/a, stop loss @ 32.44 Details
  • The technical summary data is suggesting a short of MDU as it gets near 32.35, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 32.44. 32.35 is the first level of resistance above 30.73, and by rule, any test of resistance is a short signal. In this case, if resistance 32.35 is being tested, so a short signal would exist.

Swing Trading Plans for MDU
  • Buy MDU over 30.92, target 31.49, Stop Loss @ 30.83 Details
  • If 30.92 begins to break higher, the technical summary data tells us to buy MDU just over 30.92, with an upside target of 31.49. The data also tells us to set a stop loss @ 30.83 in case the stock turns against the trade. 30.92 is the first level of resistance above 30.73, and by rule, any break above resistance is a buy signal. In this case, 30.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MDU near 30.92, target n/a, Stop Loss @ 31.01. Details
  • The technical summary data is suggesting a short of MDU if it tests 30.92 with a downside target of n/a. We should have a stop loss in place at 31.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 30.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MDU
  • Buy MDU over 30.92, target 31.13, Stop Loss @ 30.85 Details
  • If 30.92 begins to break higher, the technical summary data tells us to buy MDU just over 30.92, with an upside target of 31.13. The data also tells us to set a stop loss @ 30.85 in case the stock turns against the trade. 30.92 is the first level of resistance above 30.73, and by rule, any break above resistance is a buy signal. In this case, 30.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MDU near 30.92, target n/a, Stop Loss @ 30.99. Details
  • The technical summary data is suggesting a short of MDU if it tests 30.92 with a downside target of n/a. We should have a stop loss in place at 30.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 30.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MDU Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Weak Strong
P1 0 0 32.35
P2 30.74 30.92 34.58
P3 31.13 31.49 36.83

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Mdu Resources Group (NYSE: MDU) report below can help you understand how to do this. The trading plans for MDU, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

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Fundamental Charts for MDU

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