Longer Term Trading Plans for OVV
- Buy OVV near 37.18 target 41.88 stop loss @ 37.07
- Short OVV slightly under 41.88, target 37.18, stop loss @ 42
June 16, 2025, 06:40 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy OVV near 37.18 with an upside target of 41.88. This data also tells us to set a stop loss @ 37.07 to protect against excessive loss in case the stock begins to move against the trade. 37.18 is the first level of support below 41.87 , and by rule, any test of support is a buy signal. In this case, support 37.18 is being tested, a buy signal would exist.
The technical summary data…