Longer Term Trading Plans for NAIL
- Buy NAIL near 42.93 target 75.26 stop loss @ 42.81
- Short NAIL slightly under 75.26, target 42.93, stop loss @ 75.48
May 03, 2025, 04:56 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy NAIL near 42.93 with an upside target of 75.26. This data also tells us to set a stop loss @ 42.81 to protect against excessive loss in case the stock begins to move against the trade. 42.93 is the first level of support below 55.76 , and by rule, any test of support is a buy signal. In this case, support 42.93 would be being tested, so a buy signal would exist.
The technical…