The technical summary data is suggesting a short of IBTH as it gets near 22.28 with a downside target of 22.04. We should have a stop loss in place at 22.34though. 22.28 is the first level of resistance above 22.12, and by rule, any test of resistance is a short signal. In this case, if resistance 22.28 is being tested, so a short signal would exist.

If 22.28 begins to break higher, the technical summary data tells us to buy IBTH just slightly over 22.28, with an upside target of n/a. The data also tells us to set a stop loss @ 22.22 in case the stock turns against the trade. 22.28 is the first level of resistance above 22.12, and by rule, any break above resistance is a buy signal. In this case, 22.28, 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.

The technical summary data is suggesting a short of IBTH if it tests 22.28 with a downside target of n/a. We should have a stop loss in place at 22.34 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, 22.28, 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.