How the price action of Belden (BDC) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for BDC
  • Buy BDC over 62.45 target n/a stop loss @ 62.27. Details
  • The technical summary data tells us to buy BDC near 62.45, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 62.27 to protect against excessive loss in case the stock begins to move against the trade. 62.45 is the first level of support below 66.1, and by rule, any test of support is a buy signal. In this case, if support 62.45 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BDC
  • Buy BDC over 66.56, target n/a, Stop Loss @ 66.37 Details
  • If 66.56 begins to break higher, the technical summary data tells us to buy BDC just over 66.56, with an upside target of n/a. The data also tells us to set a stop loss @ 66.37 in case the stock turns against the trade. 66.56 is the first level of resistance above 66.1, and by rule, any break above resistance is a buy signal. In this case, 66.56, 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 BDC near 66.56, target 62.90, Stop Loss @ 66.75. Details
  • The technical summary data is suggesting a short of BDC if it tests 66.56 with a downside target of 62.90. We should have a stop loss in place at 66.75 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, 66.56, 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 BDC
  • Buy BDC over 66.56, target 68.22, Stop Loss @ 66.4 Details
  • If 66.56 begins to break higher, the technical summary data tells us to buy BDC just over 66.56, with an upside target of 68.22. The data also tells us to set a stop loss @ 66.4 in case the stock turns against the trade. 66.56 is the first level of resistance above 66.1, and by rule, any break above resistance is a buy signal. In this case, 66.56, 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 BDC near 66.56, target 65.98, Stop Loss @ 66.72. Details
  • The technical summary data is suggesting a short of BDC if it tests 66.56 with a downside target of 65.98. We should have a stop loss in place at 66.72 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, 66.56, 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.

BDC Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Strong Neutral
P1 0 0 53.40
P2 65.98 62.90 57.81
P3 68.22 66.56 62.45

BDC Long Term Analysis for November 7 2021


BDC Swing Trading Analysis for November 7 2021


BDC Day Trading Analysis for November 7 2021

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Belden (NYSE: BDC) data table below can help you with price action, and we have more details too. Trading plans for BDC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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