When Tripadvisor (TRIP) Moves Investors should Listen

June 21, 2022, 01:15 amET, BYBarry C.-Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TRIP

• Buy TRIP over 18.47 target 21.97 stop loss @ 18.42 Details

The technical summary data tells us to buy TRIP near 18.47 with an upside target of 21.97. This data also tells us to set a stop loss @ 18.42 to protect against excessive loss in case the stock begins to move against the trade. 18.47 is the first level of support below 19.4 , and by rule, any test of support is a buy signal. In this case, support 18.47 would be being tested, so a buy signal would exist.

• Short TRIP under 21.97, target 18.47, stop loss @ 22.03 Details

The technical summary data is suggesting a short of TRIP as it gets near 21.97 with a downside target of 18.47. We should have a stop loss in place at 22.03though. 21.97 is the first level of resistance above 19.4, and by rule, any test of resistance is a short signal. In this case, if resistance 21.97 is being tested, so a short signal would exist.

Swing Trading Plans for TRIP

• Buy TRIP over 19.57, target 21.97, Stop Loss @ 19.51 Details

If 19.57 begins to break higher, the technical summary data tells us to buy TRIP just over 19.57, with an upside target of 21.97. The data also tells us to set a stop loss @ 19.51 in case the stock turns against the trade. 19.57 is the first level of resistance above 19.4, and by rule, any break above resistance is a buy signal. In this case, 19.57, 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 TRIP near 19.57, target 18.47, Stop Loss @ 19.63. Details

The technical summary data is suggesting a short of TRIP if it tests 19.57 with a downside target of 18.47. We should have a stop loss in place at 19.63 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, 19.57, 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 TRIP

• Buy TRIP over 19.57, target 21.97, Stop Loss @ 19.52 Details

If 19.57 begins to break higher, the technical summary data tells us to buy TRIP just over 19.57, with an upside target of 21.97. The data also tells us to set a stop loss @ 19.52 in case the stock turns against the trade. 19.57 is the first level of resistance above 19.4, and by rule, any break above resistance is a buy signal. In this case, 19.57, 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 TRIP near 19.57, target 18.99, Stop Loss @ 19.62. Details

The technical summary data is suggesting a short of TRIP if it tests 19.57 with a downside target of 18.99. We should have a stop loss in place at 19.62 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, 19.57, 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.

TRIP Technical Summary | Raw Data for the Trading Plans

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Tripadvisor (NASDAQ: TRIP) report below is a real world example. Included are trading plans for TRIP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.