May 01, 2025, 06:56 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ELME

• Buy ELME near 14.77 target 16.22 stop loss @ 14.73 Details

The technical summary data tells us to buy ELME near 14.77 with an upside target of 16.22. This data also tells us to set a stop loss @ 14.73 to protect against excessive loss in case the stock begins to move against the trade. 14.77 is the first level of support below 15.57 , and by rule, any test of support is a buy signal. In this case, support 14.77 would be being tested, so a buy signal would exist.

• Short ELME slightly under 16.22, target 14.77, stop loss @ 16.27 Details

The technical…