(PRH) Pivots Trading Plans and Risk Controls

March 04, 2024, 11:08 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PRH

• Buy PRH slightly over 25.33 target 26.04 stop loss @ 25.26 Details

The technical summary data tells us to buy PRH near 25.33 with an upside target of 26.04. This data also tells us to set a stop loss @ 25.26 to protect against excessive loss in case the stock begins to move against the trade. 25.33 is the first level of support below 25.7895 , and by rule, any test of support is a buy signal. In this case, support 25.33 is being tested, a buy signal would exist.

• Short PRH slightly under 26.04, target 25.33, stop loss @ 26.12 Details

The technical summary data is suggesting a short of PRH as it gets near 26.04 with a downside target of 25.33. We should have a stop loss in place at 26.12though. 26.04 is the first level of resistance above 25.7895, and by rule, any test of resistance is a short signal. In this case, if resistance 26.04 is being tested, a short signal would exist.

Swing Trading Plans for PRH

• Buy PRH slightly over 26.04, target n/a, Stop Loss @ 25.96 Details

If 26.04 begins to break higher, the technical summary data tells us to buy PRH just slightly over 26.04, with an upside target of n/a. The data also tells us to set a stop loss @ 25.96 in case the stock turns against the trade. 26.04 is the first level of resistance above 25.7895, and by rule, any break above resistance is a buy signal. In this case, 26.04, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PRH slightly near 26.04, target 25.64, Stop Loss @ 26.12. Details

The technical summary data is suggesting a short of PRH if it tests 26.04 with a downside target of 25.64. We should have a stop loss in place at 26.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.04, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PRH

• Buy PRH slightly over 26.04, target n/a, Stop Loss @ 25.98 Details

If 26.04 begins to break higher, the technical summary data tells us to buy PRH just slightly over 26.04, with an upside target of n/a. The data also tells us to set a stop loss @ 25.98 in case the stock turns against the trade. 26.04 is the first level of resistance above 25.7895, and by rule, any break above resistance is a buy signal. In this case, 26.04, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.


• Short PRH slightly near 26.04, target 25.33, Stop Loss @ 26.1. Details

The technical summary data is suggesting a short of PRH if it tests 26.04 with a downside target of 25.33. We should have a stop loss in place at 26.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.04, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

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PRH Ratings for March 04:

Support and Resistance Plot Chart for PRH

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This Prudential Financial Inc. 5.950% Junior Subordinated Notes Due 2062 (NYSE: PRH) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PRH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PRH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PRH too.  All of these are offered below the Summary Table.

The views expressed in content distributed by Newstex and its re-distributors (collectively, "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an "AS IS" basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.