pool adsComprehensive non-correlated Invesco Municipal Bond Portfolio $BAB Trading Report
Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invesco Municipal Bond Portfolio (NYSE: BAB) report below can help you, but we have more details too. The trading plans for BAB, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 0 | 0 | 31.51 |
| P2 | 33.01 | 32.54 | 33.20 |
| P3 | 0 | 32.85 | 34.19 |
Support and Resistance Plot Chart for BAB
Long Term Trading Plans for BAB
October 29, 2020, 4:45 pm ET
The Technical Summary and Trading Plans for BAB help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this BAB Report.
BAB - (Long) Support Plan
The technical summary data tells us to buy BAB near 31.51 with an upside target of 33.20. This data also tells us to set a stop loss @ 31.42 to protect against excessive loss in case the stock begins to move against the trade. 31.51 is the first level of support below 32.76 , and by rule, any test of support is a buy signal. In this case, support 31.51 would be being tested, so a buy signal would exist.
BAB - (Short) Resistance Plan
The technical summary data is suggesting a short of BAB as it gets near 33.20 with a downside target of 31.51. We should have a stop loss in place at 33.3 though. 33.20 is the first level of resistance above 32.76, and by rule, any test of resistance is a short signal. In this case, if resistance 33.20 is being tested, so a short signal would exist.
