Longer Term Trading Plans for STEP
- Buy STEP near 50.21 target 60.56 stop loss @ 50.06
- Short STEP slightly under 60.56, target 50.21, stop loss @ 60.73
May 04, 2025, 11:36 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy STEP near 50.21 with an upside target of 60.56. This data also tells us to set a stop loss @ 50.06 to protect against excessive loss in case the stock begins to move against the trade. 50.21 is the first level of support below 54.6 , and by rule, any test of support is a buy signal. In this case, support 50.21 would be being tested, so a buy signal would exist.
The technical…