Waters $WAT Technical Update – Stock Traders Daily

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Waters $WAT Technical Update

The Waters (NYSE: WAT) 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 WAT, 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 192.54 184.49 176.97
P2 194.26 192.49 189.41
P3 195.92 200.89 201.45

Long Term Trading Plans for WAT

October 3, 2018, 7:45 am ET

The Technical Summary and Trading Plans for WAT 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 WAT Report.

WAT – (Long) Support Plan

Buy over 189.41 target 201.45 stop loss @ 189.15.
The technical summary data tells us to buy WAT near 189.41 with an upside target of 201.45. This data also tells us to set a stop loss @ 189.15 to protect against excessive loss in case the stock begins to move against the trade. 189.41 is the first level of support below 194 , and by rule, any test of support is a buy signal. In this case, support 189.41 is being tested, a buy signal would exist.

WAT – (Short) Resistance Plan

Short under 201.45 target 189.41 stop loss @ 201.71
The technical summary data is suggesting a short of WAT as it gets near 201.45 with a downside target of 189.41. We should have a stop loss in place at 201.71 though. 201.45 is the first level of resistance above 194, and by rule, any test of resistance is a short signal. In this case, if resistance 201.45 is being tested, a short signal would exist.

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