The technical summary data is suggesting a short of VDC if it tests 220.53 with a downside target of 219.51. We should have a stop loss in place at 221.04 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, 220.53, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Vanguard Consumer Staples Etf (VDC) available here: VDC.
VDC Ratings for May 25:
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This report was produced using AI developed by Stock Traders Daily. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading in Vanguard Consumer Staples Etf (NYSE: VDC) while incorporating prudent risk controls.