Longer Term Trading Plans for NHC
- Buy NHC near 88.34 target 104.06 stop loss @ 88.08
- Short NHC slightly under 104.06, target 88.34, stop loss @ 104.36
April 17, 2025, 22:48 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy NHC near 88.34 with an upside target of 104.06. This data also tells us to set a stop loss @ 88.08 to protect against excessive loss in case the stock begins to move against the trade. 88.34 is the first level of support below 92.13 , and by rule, any test of support is a buy signal. In this case, support 88.34 would be being tested, so a buy signal would exist.
The…