Longer Term Trading Plans for ECAT
- Buy ECAT near 14.89 target 15.8 stop loss @ 14.85
- Short ECAT slightly under 15.8, target 14.89, stop loss @ 15.85
May 11, 2025, 15:26 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy ECAT near 14.89 with an upside target of 15.8. This data also tells us to set a stop loss @ 14.85 to protect against excessive loss in case the stock begins to move against the trade. 14.89 is the first level of support below 15.74 , and by rule, any test of support is a buy signal. In this case, support 14.89 would be being tested, so a buy signal would exist.
The technical…