Trading (BGT) With Integrated Risk Controls
October 31, 2024, 03:08 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BGT
- Buy BGT near 13.13 target 13.62 stop loss @ 13.09 Details
The technical summary data tells us to buy BGT near 13.13 with an upside target of 13.62. This data also tells us to set a stop loss @ 13.09 to protect against excessive loss in case the stock begins to move against the trade. 13.13 is the first level of support below 13.2 , and by rule, any test of support is a buy signal. In this case, support 13.13 is being tested, a buy signal would exist.
- Short BGT slightly under 13.62, target 13.13, stop loss @ 13.66 Details
The technical summary data is suggesting a short of BGT as it gets near 13.62 with a downside target of 13.13. We should have a stop loss in place at 13.66though. 13.62 is the first level of resistance above 13.2, and by rule, any test of resistance is a short signal. In this case, if resistance 13.62 is being tested, a short signal would exist.
Swing Trading Plans for BGT
- Buy BGT slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy BGT just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 13.2, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 BGT slightly near n/a, target 13.17, Stop Loss @ 0. Details
The technical summary data is suggesting a short of BGT if it tests n/a with a downside target of 13.17. We should have a stop loss in place at 0 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, n/a, 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 BGT
- Buy BGT slightly over 13.62, target n/a, Stop Loss @ 13.59 Details
If 13.62 begins to break higher, the technical summary data tells us to buy BGT just slightly over 13.62, with an upside target of n/a. The data also tells us to set a stop loss @ 13.59 in case the stock turns against the trade. 13.62 is the first level of resistance above 13.2, and by rule, any break above resistance is a buy signal. In this case, 13.62, 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 BGT slightly near 13.62, target 13.2, Stop Loss @ 13.65. Details
The technical summary data is suggesting a short of BGT if it tests 13.62 with a downside target of 13.2. We should have a stop loss in place at 13.65 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, 13.62, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Blackrock Floating Rate Income Trust (BGT) available here: BGT.
BGT Ratings for October 31:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Strong |
P1 |
0 |
0 |
12.69 |
P2 |
13.2 |
13.17 |
13.13 |
P3 |
0 |
|
13.62 |
AI Generated Signals for BGT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BGT: