Longer Term Trading Plans for NYMTI
- Buy NYMTI near 24.16 target 24.77 stop loss @ 24.09
- Short NYMTI slightly under 24.77, target 24.16, stop loss @ 24.84
May 17, 2025, 16:20 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy NYMTI near 24.16 with an upside target of 24.77. This data also tells us to set a stop loss @ 24.09 to protect against excessive loss in case the stock begins to move against the trade. 24.16 is the first level of support below 24.473 , and by rule, any test of support is a buy signal. In this case, support 24.16 would be being tested, so a buy signal would exist.
The…






