When (FATBP) Moves Investors should Listen
October 21, 2024, 13:50 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FATBP
- Buy FATBP near 9.53 target 11.11 stop loss @ 9.5 Details
The technical summary data tells us to buy FATBP near 9.53 with an upside target of 11.11. This data also tells us to set a stop loss @ 9.5 to protect against excessive loss in case the stock begins to move against the trade. 9.53 is the first level of support below 9.64 , and by rule, any test of support is a buy signal. In this case, support 9.53 would be being tested, so a buy signal would exist.
- Short FATBP slightly under 11.11, target 9.53, stop loss @ 11.14 Details
The technical summary data is suggesting a short of FATBP as it gets near 11.11 with a downside target of 9.53. We should have a stop loss in place at 11.14though. 11.11 is the first level of resistance above 9.64, and by rule, any test of resistance is a short signal. In this case, if resistance 11.11 is being tested, so a short signal would exist.
Swing Trading Plans for FATBP
- Buy FATBP slightly over 9.76, target 11.11, Stop Loss @ 9.73 Details
If 9.76 begins to break higher, the technical summary data tells us to buy FATBP just slightly over 9.76, with an upside target of 11.11. The data also tells us to set a stop loss @ 9.73 in case the stock turns against the trade. 9.76 is the first level of resistance above 9.64, and by rule, any break above resistance is a buy signal. In this case, 9.76, 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 FATBP slightly near 9.76, target 9.53, Stop Loss @ 9.79. Details
The technical summary data is suggesting a short of FATBP if it tests 9.76 with a downside target of 9.53. We should have a stop loss in place at 9.79 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, 9.76, 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 FATBP
- Buy FATBP slightly over 9.76, target 11.11, Stop Loss @ 9.74 Details
If 9.76 begins to break higher, the technical summary data tells us to buy FATBP just slightly over 9.76, with an upside target of 11.11. The data also tells us to set a stop loss @ 9.74 in case the stock turns against the trade. 9.76 is the first level of resistance above 9.64, and by rule, any break above resistance is a buy signal. In this case, 9.76, 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 FATBP slightly near 9.76, target n/a, Stop Loss @ 9.78. Details
The technical summary data is suggesting a short of FATBP if it tests 9.76 with a downside target of n/a. We should have a stop loss in place at 9.78 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, 9.76, 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 Fat Brands Inc. 8.25% Series B Cumulative Preferred Stock (FATBP) available here: FATBP.
FATBP Ratings for October 21:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Weak |
P1 |
0 |
0 |
9.53 |
P2 |
9.7 |
9.76 |
11.11 |
P3 |
0 |
|
12.71 |
AI Generated Signals for FATBP
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Fat Brands Inc. 8.25% Series B Cumulative Preferred Stock (NASDAQ: FATBP) report below is a real world example. Included are trading plans for FATBP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FATBP: