Spdr S&p Emerging Markets Smal $EWX Technical Update – Stock Traders Daily

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Spdr S&p Emerging Markets Smal $EWX Technical Update

The Spdr S&p Emerging Markets Smal (NYSE: EWX) 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 EWX, 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 Neutral Neutral
P1 45.82 44.35 44.14
P2 46.34 46.28 46.89
P3 46.82 48.19 49.63

Long Term Trading Plans for EWX

September 4, 2018, 8:15 pm ET

The Technical Summary and Trading Plans for EWX 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 EWX Report.

EWX – (Long) Support Plan

Buy over 44.14 target 46.89 stop loss @ 43.88.
The technical summary data tells us to buy EWX near 44.14 with an upside target of 46.89. This data also tells us to set a stop loss @ 43.88 to protect against excessive loss in case the stock begins to move against the trade. 44.14 is the first level of support below 45.87 , and by rule, any test of support is a buy signal. In this case, support 44.14 would be being tested, so a buy signal would exist.

EWX – (Short) Resistance Plan

Short under 46.89 target 44.14 stop loss @ 47.15.
The technical summary data is suggesting a short of EWX as it gets near 46.89 with a downside target of 44.14. We should have a stop loss in place at 47.15 though. 46.89 is the first level of resistance above 45.87, and by rule, any test of resistance is a short signal. In this case, if resistance 46.89 is being tested, so a short signal would exist.

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