May 23, 2025, 08:04 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INDY

• Buy INDY near 50.34 target 52.84 stop loss @ 50.19 Details

The technical summary data tells us to buy INDY near 50.34 with an upside target of 52.84. This data also tells us to set a stop loss @ 50.19 to protect against excessive loss in case the stock begins to move against the trade. 50.34 is the first level of support below 52.79 , and by rule, any test of support is a buy signal. In this case, support 50.34 is being tested, a buy signal would exist.

• Short INDY slightly under 52.84, target 50.34, stop loss @ 52.99 Details

The technical summary…