December 28, 2024, 15:42 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WRB

• Buy WRB near 55.88 target 59.61 stop loss @ 55.72 Details

The technical summary data tells us to buy WRB near 55.88 with an upside target of 59.61. This data also tells us to set a stop loss @ 55.72 to protect against excessive loss in case the stock begins to move against the trade. 55.88 is the first level of support below 58.97 , and by rule, any test of support is a buy signal. In this case, support 55.88 would be being tested, so a buy signal would exist.

• Short WRB slightly under 59.61, target 55.88, stop loss @ 59.78 Details


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