Invesco Dynamic Networking $PXQ Technical Update
The Invesco Dynamic Networking (NYSE: PXQ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for PXQ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for PXQ
March 19, 2019, 4:30 pm ET
The Technical Summary and Trading Plans for PXQ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PXQ Report.
PXQ – (Long) Support Plan
The technical summary data tells us to buy PXQ near 53.00 with an upside target of 59.62. This data also tells us to set a stop loss @ 52.74 to protect against excessive loss in case the stock begins to move against the trade. 53.00 is the first level of support below 58.8522 , and by rule, any test of support is a buy signal. In this case, support 53.00 is being tested, a buy signal would exist.
PXQ – (Short) Resistance Plan
The technical summary data is suggesting a short of PXQ as it gets near 59.62 with a downside target of 53.00. We should have a stop loss in place at 59.88 though. 59.62 is the first level of resistance above 58.8522, and by rule, any test of resistance is a short signal. In this case, if resistance 59.62 is being tested, a short signal would exist.