When (HOVNP) Moves Investors should Listen

August 24, 2024, 17:04 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HOVNP

• Buy HOVNP slightly over 17.55 target 18.08 stop loss @ 17.5 Details

The technical summary data tells us to buy HOVNP near 17.55 with an upside target of 18.08. This data also tells us to set a stop loss @ 17.5 to protect against excessive loss in case the stock begins to move against the trade. 17.55 is the first level of support below 17.945 , and by rule, any test of support is a buy signal. In this case, support 17.55 would be being tested, so a buy signal would exist.

• Short HOVNP slightly under 18.08, target 17.55, stop loss @ 18.13 Details

The technical summary data is suggesting a short of HOVNP as it gets near 18.08 with a downside target of 17.55. We should have a stop loss in place at 18.13though. 18.08 is the first level of resistance above 17.945, and by rule, any test of resistance is a short signal. In this case, if resistance 18.08 is being tested, so a short signal would exist.

Swing Trading Plans for HOVNP

• Buy HOVNP slightly over 18.15, target 18.59, Stop Loss @ 18.1 Details

If 18.15 begins to break higher, the technical summary data tells us to buy HOVNP just slightly over 18.15, with an upside target of 18.59. The data also tells us to set a stop loss @ 18.1 in case the stock turns against the trade. 18.15 is the first level of resistance above 17.945, and by rule, any break above resistance is a buy signal. In this case, 18.15, 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 HOVNP slightly near 18.15, target 17.55, Stop Loss @ 18.2. Details

The technical summary data is suggesting a short of HOVNP if it tests 18.15 with a downside target of 17.55. We should have a stop loss in place at 18.2 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, 18.15, 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 HOVNP

• Buy HOVNP slightly over 18.15, target 18.59, Stop Loss @ 18.11 Details

If 18.15 begins to break higher, the technical summary data tells us to buy HOVNP just slightly over 18.15, with an upside target of 18.59. The data also tells us to set a stop loss @ 18.11 in case the stock turns against the trade. 18.15 is the first level of resistance above 17.945, and by rule, any break above resistance is a buy signal. In this case, 18.15, 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 HOVNP slightly near 18.15, target 17.55, Stop Loss @ 18.19. Details

The technical summary data is suggesting a short of HOVNP if it tests 18.15 with a downside target of 17.55. We should have a stop loss in place at 18.19 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, 18.15, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Hovnanian Enterprises Inc Depositary Share Representing 1/1000th Of 7.625% Series A Preferred Stock (HOVNP) available here: HOVNP.

HOVNP Ratings for August 24:

AI Generated Signals for HOVNP

Real Time Updates for Repeat Institutional Readers:

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

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  Hovnanian Enterprises Inc Depositary Share Representing 1/1000th Of 7.625% Series A Preferred Stock (NASDAQ: HOVNP) report below is a real world example. Included are trading plans for HOVNP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.