We should have a stop loss in place at 143.4 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of DGX if it tests 142.99 with a downside target of 133.52. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 142.99, initial resistance, would be breaking higher, so a buy signal would exist. 142.99 is the first level of resistance above 140.31, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 142.58 in case the stock turns against the trade. If 142.99 begins to break higher, the technical summary data tells us to buy DGX just over 142.99, with an upside target of 158.06. In this case, if resistance 142.99 is being tested, so a short signal would exist.
![quest diagnostics stock quest diagnostics stock](https://static.seekingalpha.com/uploads/sa_presentations/318/29318/slides/4.jpg)
142.99 is the first level of resistance above 140.31, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 143.4though. The technical summary data is suggesting a short of DGX as it gets near 142.99 with a downside target of 128.67.
![quest diagnostics stock quest diagnostics stock](http://static.seekingalpha.com/uploads/2011/6/20/saupload_dgx_6_20.png)
Short DGX under 142.99, target 128.67, stop loss 143.4 Details.In this case, support 128.67 would be being tested, so a buy signal would exist. 128.67 is the first level of support below 140.31, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 128.3 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy DGX near 128.67 with an upside target of 142.99. Buy DGX over 128.67 target 142.99 stop loss 128.3 Details.All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.Source: Stock Traders Daily Longer Term Trading Plans for DGX It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
![quest diagnostics stock quest diagnostics stock](https://static1.seekingalpha.com/uploads/sa_presentations/318/29318/slides/15.jpg)
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#Quest diagnostics stock professional
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