Ishares Transportation Average Etf IYT Pivots Trading Plans and Risk Controls

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Source: Stock Traders Daily

Longer Term Trading Plans for IYT
  • Buy IYT over 246.82 target 261.60 stop loss @ 246.11 Details
  • The technical summary data tells us to buy IYT near 246.82 with an upside target of 261.60. This data also tells us to set a stop loss @ 246.11 to protect against excessive loss in case the stock begins to move against the trade. 246.82 is the first level of support below 246.84 , and by rule, any test of support is a buy signal. In this case, support 246.82 would be being tested, so a buy signal would exist.

  • Short IYT under 261.60, target 246.82, stop loss @ 262.36 Details
  • The technical summary data is suggesting a short of IYT as it gets near 261.60 with a downside target of 246.82. We should have a stop loss in place at 262.36though. 261.60 is the first level of resistance above 246.84, and by rule, any test of resistance is a short signal. In this case, if resistance 261.60 is being tested, so a short signal would exist.

Swing Trading Plans for IYT
  • Buy IYT over 252.89, target 261.60, Stop Loss @ 252.16 Details
  • If 252.89 begins to break higher, the technical summary data tells us to buy IYT just over 252.89, with an upside target of 261.60. The data also tells us to set a stop loss @ 252.16 in case the stock turns against the trade. 252.89 is the first level of resistance above 246.84, and by rule, any break above resistance is a buy signal. In this case, 252.89, 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 IYT near 252.89, target 246.82, Stop Loss @ 253.62. Details
  • The technical summary data is suggesting a short of IYT if it tests 252.89 with a downside target of 246.82. We should have a stop loss in place at 253.62 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, 252.89, 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 IYT
  • Buy IYT over 252.89, target 261.60, Stop Loss @ 252.3 Details
  • If 252.89 begins to break higher, the technical summary data tells us to buy IYT just over 252.89, with an upside target of 261.60. The data also tells us to set a stop loss @ 252.3 in case the stock turns against the trade. 252.89 is the first level of resistance above 246.84, and by rule, any break above resistance is a buy signal. In this case, 252.89, 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 IYT near 252.89, target 246.82, Stop Loss @ 253.48. Details
  • The technical summary data is suggesting a short of IYT if it tests 252.89 with a downside target of 246.82. We should have a stop loss in place at 253.48 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, 252.89, 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.

IYT Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Weak Weak Neutral
P1 0 0 246.82
P2 239.85 244.31 261.60
P3 244.65 252.89 276.26

This Ishares Transportation Average Etf (NYSE: IYT) 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 IYT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IYT 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 IYT too.  All of these are offered below the Summary Table.

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Fundamental Charts for IYT