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$MRC | ($MRC) Pivots Trading Plans and Risk Controls (MRC)

By Thomas Kee

$MRC | ($MRC) Pivots Trading Plans and Risk Controls (MRC)

The technical summary data tells us to buy MRC near 12.43 with an upside target of 13.64. This data also tells us to set a stop loss @ 12.39 to protect against excessive loss in case the stock begins to move against the trade. 12.43 is the first level of support below 13.22 , and by rule, any test of support is a buy signal. In this case, support 12.43 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of MRC as it gets near 13.64 with a downside target of 12.43. We should have a stop loss in place at 13.68though. 13.64 is the first level of resistance above 13.22, and by rule, any test of resistance is a short signal. In this case, if resistance 13.64 is being tested, so a short signal would exist.

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