Longer Term Trading Plans for VMBS
- Buy VMBS near 45.55 target 46.35 stop loss @ 45.42
- Short VMBS slightly under 46.35, target 45.55, stop loss @ 46.48
June 28, 2025, 05:46 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy VMBS near 45.55 with an upside target of 46.35. This data also tells us to set a stop loss @ 45.42 to protect against excessive loss in case the stock begins to move against the trade. 45.55 is the first level of support below 46.19 , and by rule, any test of support is a buy signal. In this case, support 45.55 is being tested, a buy signal would exist.
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