$TRIP | ($TRIP) Investment Analysis and Advice (TRIP)

By Thomas Kee

$TRIP | ($TRIP) Investment Analysis and Advice (TRIP)

The technical summary data tells us to buy TRIP near 12.35 with an upside target of 17.09. This data also tells us to set a stop loss @ 12.31 to protect against excessive loss in case the stock begins to move against the trade. 12.35 is the first level of support below 14.75 , and by rule, any test of support is a buy signal. In this case, support 12.35 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of TRIP as it gets near 17.09 with a downside target of 12.35. We should have a stop loss in place at 17.14though. 17.09 is the first level of resistance above 14.75, and by rule, any test of resistance is a short signal. In this case, if resistance 17.09 is being tested, so a short signal would exist.

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