July 04, 2025, 22:32 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EGBN
The technical summary data tells us to buy EGBN near 20.39 with an upside target of 24.57. This data also tells us to set a stop loss @ 20.33 to protect against excessive loss in case the stock begins to move against the trade. 20.39 is the first level of support below 20.83 , and by rule, any test of support is a buy signal. In this case, support 20.39 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of EGBN as it gets near 24.57 with a downside target of 20.39. We should have a stop loss in place at 24.64though. 24.57 is the first level of resistance above 20.83, and by rule, any test of resistance is a short signal. In this case, if resistance 24.57 is being tested, a short signal would exist.
Swing Trading Plans for EGBN
If 24.57 begins to break higher, the technical summary data tells us to buy EGBN just slightly over 24.57, with an upside target of n/a. The data also tells us to set a stop loss @ 24.5 in case the stock turns against the trade. 24.57 is the first level of resistance above 20.83, and by rule, any break above resistance is a buy signal. In this case, 24.57, 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.
The technical summary data is suggesting a short of EGBN if it tests 24.57 with a downside target of 20.81. We should have a stop loss in place at 24.64 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, 24.57, 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 EGBN
If 21.1 begins to break higher, the technical summary data tells us to buy EGBN just slightly over 21.1, with an upside target of 24.57. The data also tells us to set a stop loss @ 21.05 in case the stock turns against the trade. 21.1 is the first level of resistance above 20.83, and by rule, any break above resistance is a buy signal. In this case, 21.1, 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 EGBN if it tests 21.1 with a downside target of 20.81. We should have a stop loss in place at 21.15 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, 21.1, 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.
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This report provides trading strategies for Eagle Bancorp Inc. (NASDAQ: EGBN) while incorporating risk controls.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EGBN change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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