When the Price of (BJ) Talks, People Listen

January 17, 2024, 05:08 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BJ

• Buy BJ slightly over 65.19 target 70.66 stop loss @ 65 Details

The technical summary data tells us to buy BJ near 65.19 with an upside target of 70.66. This data also tells us to set a stop loss @ 65 to protect against excessive loss in case the stock begins to move against the trade. 65.19 is the first level of support below 67.06 , and by rule, any test of support is a buy signal. In this case, support 65.19 is being tested, a buy signal would exist.

• Short BJ slightly under 70.66, target 65.19, stop loss @ 70.86 Details

The technical summary data is suggesting a short of BJ as it gets near 70.66 with a downside target of 65.19. We should have a stop loss in place at 70.86though. 70.66 is the first level of resistance above 67.06, and by rule, any test of resistance is a short signal. In this case, if resistance 70.66 is being tested, a short signal would exist.

Swing Trading Plans for BJ

• Buy BJ slightly over 70.66, target n/a, Stop Loss @ 70.46 Details

If 70.66 begins to break higher, the technical summary data tells us to buy BJ just slightly over 70.66, with an upside target of n/a. The data also tells us to set a stop loss @ 70.46 in case the stock turns against the trade. 70.66 is the first level of resistance above 67.06, and by rule, any break above resistance is a buy signal. In this case, 70.66, 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 BJ slightly near 70.66, target 66.26, Stop Loss @ 70.86. Details

The technical summary data is suggesting a short of BJ if it tests 70.66 with a downside target of 66.26. We should have a stop loss in place at 70.86 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, 70.66, 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 BJ

• Buy BJ slightly over 70.66, target n/a, Stop Loss @ 70.5 Details

If 70.66 begins to break higher, the technical summary data tells us to buy BJ just slightly over 70.66, with an upside target of n/a. The data also tells us to set a stop loss @ 70.5 in case the stock turns against the trade. 70.66 is the first level of resistance above 67.06, and by rule, any break above resistance is a buy signal. In this case, 70.66, 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 BJ slightly near 70.66, target 66.3, Stop Loss @ 70.82. Details

The technical summary data is suggesting a short of BJ if it tests 70.66 with a downside target of 66.3. We should have a stop loss in place at 70.82 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, 70.66, 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 Bj's Wholesale Club Holdings Inc. (BJ) available here: BJ.

BJ Ratings for January 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	59.96
P2	65.23	64.67	65.19
P3	66.3	66.26	70.66

AI Generated Signals for BJ

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Bj's Wholesale Club Holdings Inc. (NYSE: BJ) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BJ can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.