Steris Plc $STE Technical Update – Stock Traders Daily

This post was originally published on this site

Steris Plc $STE Technical Update

The Steris Plc (NYSE: STE) 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 STE, 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 Neutral Neutral
P1 112.79 110.89 110.47
P2 114.00 116.17 116.92
P3 115.04 121.24 122.90

Long Term Trading Plans for STE

September 21, 2018, 4:30 am ET

The Technical Summary and Trading Plans for STE 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 STE Report.

STE – (Long) Support Plan

Buy over 110.47 target 116.92 stop loss @ 110.21.
The technical summary data tells us to buy STE near 110.47 with an upside target of 116.92. This data also tells us to set a stop loss @ 110.21 to protect against excessive loss in case the stock begins to move against the trade. 110.47 is the first level of support below 114.26 , and by rule, any test of support is a buy signal. In this case, support 110.47 would be being tested, so a buy signal would exist.

STE – (Short) Resistance Plan

Short under 116.92 target 110.47 stop loss @ 117.18.
The technical summary data is suggesting a short of STE as it gets near 116.92 with a downside target of 110.47. We should have a stop loss in place at 117.18 though. 116.92 is the first level of resistance above 114.26, and by rule, any test of resistance is a short signal. In this case, if resistance 116.92 is being tested, so a short signal would exist.

This post was originally published on *this site*