Vectren $VVC Technical Update
The Vectren (NYSE: VVC) 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 VVC, 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 VVC
October 3, 2018, 6:15 am ET
The Technical Summary and Trading Plans for VVC 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 VVC Report.
VVC – (Long) Support Plan
Buy over 70.34 target 74.32 stop loss @ 70.08.
The technical summary data tells us to buy VVC near 70.34 with an upside target of 74.32. This data also tells us to set a stop loss @ 70.08 to protect against excessive loss in case the stock begins to move against the trade. 70.34 is the first level of support below 71.44 , and by rule, any test of support is a buy signal. In this case, support 70.34 would be being tested, so a buy signal would exist.
VVC – (Short) Resistance Plan
Short under 74.32 target 70.34 stop loss @ 74.58.
The technical summary data is suggesting a short of VVC as it gets near 74.32 with a downside target of 70.34. We should have a stop loss in place at 74.58 though. 74.32 is the first level of resistance above 71.44, and by rule, any test of resistance is a short signal. In this case, if resistance 74.32 is being tested, so a short signal would exist.
This post was originally published on *this site*