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$SMMD | ($SMMD) Investment Analysis (SMMD)

By Thomas Kee

$SMMD | ($SMMD) Investment Analysis (SMMD)

The technical summary data tells us to buy SMMD near 63.46 with an upside target of 66.79. This data also tells us to set a stop loss @ 63.28 to protect against excessive loss in case the stock begins to move against the trade. 63.46 is the first level of support below 64.93 , and by rule, any test of support is a buy signal. In this case, support 63.46 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of SMMD as it gets near 66.79 with a downside target of 63.46. We should have a stop loss in place at 66.98though. 66.79 is the first level of resistance above 64.93, and by rule, any test of resistance is a short signal. In this case, if resistance 66.79 is being tested, so a short signal would exist.

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