Objective Long/Short Report (PDCO).

November 29, 2024, 9:00 PM ET, BY Barry C. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for PDCO

• Buy PDCO near 20.77 and target a 22.75 stop loss at 20.71 Details

The technical summary data tells us to buy PDCO at around 20.77, with an upside target of 22.75. This data also tells us to set a stop loss at 20.71 to protect ourselves from excessive losses in case the stock starts moving against the trade. 20.77 is the first level of support below 21.49 and basically any test of support is a buy signal. In this case the support 20.77 is tested, a buy signal would be present.

• Short PDCO just below 22.75, target 20.77, stop loss at 22.82 Details

Summary technicals suggest a short on PDCO as it approaches 22.75 with a downside target at 20.77. However, we should have a stop loss at 22.82. 22.75 is the first resistance level above 21.49, and basically any test of resistance is a short signal. In this case, if the resistance 22.75 is tested, a short signal is present.

Swing trading plans for PDCO

• Buy PDCO slightly above 21.93, target 22.75, stop loss at 21.87 Details

If 21.93 starts to break out higher, the technical summary data tells us to buy PDCO just above 21.93 with an upside target of 22.75. The data also tells us to set a stop loss at 21.87 in case the stock turns against the trade. 21.93 is the first resistance level above 21.49, and basically any break above resistance is a buy signal. In this case, 21.93, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short PDCO slightly near 21.93, target 20.77, stop loss at 21.99. Details

Technical summary data suggests shorting PDCO if it tests 21.93, with a downside target of 20.77. However, we should have a stop loss at 21.99 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if resistance 21.93 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for PDCO

• Buy PDCO slightly above 21.63, target 21.93, stop loss at 21.58 Details

If 21.63 starts to break higher, the technical summary data tells us to buy PDCO just above 21.63 with an upside target of 21.93. The data also tells us to set a stop loss at 21.58 in case the stock turns against the trade. 21.63 is the first resistance level above 21.49, and basically any break above resistance is a buy signal. In this case, 21.63, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short PDCO slightly near 21.63, target 20.77, stop loss at 21.68. Details

Technical summary data suggests shorting PDCO if it tests 21.63, with a downside target of 20.77. However, we should have a stop loss at 21.68 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if resistance 21.63 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Patterson Companies Inc. (PDCO) available here: PDCO.

PDCO ratings for November 29th:

AI generated signals for PDCO

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Patterson Companies Inc. (NASDAQ: PDCO) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for PDCO 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, when PDCO tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for PDCO. All of this is offered below the overview table.