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October 05, 2024, 02:14 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy PRKS near 48.17 with an upside target of 52.84. This data also tells us to set a stop loss @ 48.03 to protect against excessive loss in case the stock begins to move against the trade. 48.17 is the first level of support below 51.7 , and by rule, any test of support is a buy signal. In this case, support 48.17 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of PRKS as it gets near 52.84 with a downside target of 48.17. We should have a stop loss in place at 52.99though. 52.84 is the first level of resistance above 51.7, and by rule, any test of resistance is a short signal. In this case, if resistance 52.84 is being tested, so a short signal would exist.
If 52.84 begins to break higher, the technical summary data tells us to buy PRKS just slightly over 52.84, with an upside target of 57.71. The data also tells us to set a stop loss @ 52.69 in case the stock turns against the trade. 52.84 is the first level of resistance above 51.7, and by rule, any break above resistance is a buy signal. In this case, 52.84, 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.
The technical summary data is suggesting a short of PRKS if it tests 52.84 with a downside target of 50.15. We should have a stop loss in place at 52.99 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, 52.84, 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.
If 52.84 begins to break higher, the technical summary data tells us to buy PRKS just slightly over 52.84, with an upside target of 57.71. The data also tells us to set a stop loss @ 52.72 in case the stock turns against the trade. 52.84 is the first level of resistance above 51.7, and by rule, any break above resistance is a buy signal. In this case, 52.84, 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.
The technical summary data is suggesting a short of PRKS if it tests 52.84 with a downside target of 50.15. We should have a stop loss in place at 52.96 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, 52.84, 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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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Seaworld Entertainment Inc. (NASDAQ: PRKS) data table below can help you with price action, and we have more details too. Trading plans for PRKS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.