May 04, 2025, 10:50 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPYX
- Buy SPYX near 44.57 target 48 stop loss @ 44.44 Details
The technical summary data tells us to buy SPYX near 44.57 with an upside target of 48. This data also tells us to set a stop loss @ 44.44 to protect against excessive loss in case the stock begins to move against the trade. 44.57 is the first level of support below 46.58 , and by rule, any test of support is a buy signal. In this case, support 44.57 would be being tested, so a buy signal would exist.
- Short SPYX slightly under 48, target 44.57, stop loss @ 48.14 Details
The technical summary…
