Longer Term Trading Plans for SPYT
- Buy SPYT near 17.3 target 18.23 stop loss @ 17.25
- Short SPYT slightly under 18.23, target 17.3, stop loss @ 18.28
June 30, 2025, 13:44 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy SPYT near 17.3 with an upside target of 18.23. This data also tells us to set a stop loss @ 17.25 to protect against excessive loss in case the stock begins to move against the trade. 17.3 is the first level of support below 18.1595 , and by rule, any test of support is a buy signal. In this case, support 17.3 is being tested, a buy signal would exist.
The technical summary…