pool adsHow Stock Traders Daily uses Price Action in Baxter International $BAX to Define Opportunity and Risk
Both opportunity and risk assessments can be drawn from looking at the price action in Baxter International (NYSE: BAX). This is a practice commonly referred to as reading the charts. The summary data for BAX below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Weak |
| P1 | |||
| P2 | 0 | ||
| P3 | 0 | 0 |
Support and Resistance Plot Chart for BAX
Long Term Trading Plans for BAX
March 22, 2021, 9:15 am ET
The Technical Summary and Trading Plans for BAX 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 BAX Report.
BAX - (Long) Support Plan
The technical summary data tells us to buy BAX near 77.55 with an upside target of 81.03. This data also tells us to set a stop loss @ 77.33 to protect against excessive loss in case the stock begins to move against the trade. 77.55 is the first level of support below 80.3 , and by rule, any test of support is a buy signal. In this case, support 77.55 is being tested, a buy signal would exist.
BAX - (Short) Resistance Plan
The technical summary data is suggesting a short of BAX as it gets near 81.03 with a downside target of 77.55. We should have a stop loss in place at 81.26though. 81.03 is the first level of resistance above 80.3, and by rule, any test of resistance is a short signal. In this case, if resistance 81.03 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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