Learn to Evaluate (BR) using the Charts

September 02, 2024, 13:38 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BR

• Buy BR slightly over 209.8 target 220.29 stop loss @ 209.19 Details

The technical summary data tells us to buy BR near 209.8 with an upside target of 220.29. This data also tells us to set a stop loss @ 209.19 to protect against excessive loss in case the stock begins to move against the trade. 209.8 is the first level of support below 212.86 , and by rule, any test of support is a buy signal. In this case, support 209.8 is being tested, a buy signal would exist.

• Short BR slightly under 220.29, target 209.8, stop loss @ 220.93 Details

The technical summary data is suggesting a short of BR as it gets near 220.29 with a downside target of 209.8. We should have a stop loss in place at 220.93though. 220.29 is the first level of resistance above 212.86, and by rule, any test of resistance is a short signal. In this case, if resistance 220.29 is being tested, a short signal would exist.

Swing Trading Plans for BR

• Buy BR slightly over 212.98, target 220.29, Stop Loss @ 212.36 Details

If 212.98 begins to break higher, the technical summary data tells us to buy BR just slightly over 212.98, with an upside target of 220.29. The data also tells us to set a stop loss @ 212.36 in case the stock turns against the trade. 212.98 is the first level of resistance above 212.86, and by rule, any break above resistance is a buy signal. In this case, 212.98, 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 BR slightly near 212.98, target 210.69, Stop Loss @ 213.6. Details

The technical summary data is suggesting a short of BR if it tests 212.98 with a downside target of 210.69. We should have a stop loss in place at 213.6 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, 212.98, 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 BR

• Buy BR slightly over 213.13, target 220.29, Stop Loss @ 212.63 Details

If 213.13 begins to break higher, the technical summary data tells us to buy BR just slightly over 213.13, with an upside target of 220.29. The data also tells us to set a stop loss @ 212.63 in case the stock turns against the trade. 213.13 is the first level of resistance above 212.86, and by rule, any break above resistance is a buy signal. In this case, 213.13, 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 BR slightly near 213.13, target 211.43, Stop Loss @ 213.63. Details

The technical summary data is suggesting a short of BR if it tests 213.13 with a downside target of 211.43. We should have a stop loss in place at 213.63 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, 213.13, 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  Broadridge Financial Solutions Inc. (BR) available here: BR.

BR Ratings for September 02:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	199.23
P2	211.43	210.69	209.8
P3	213.13	212.98	220.29

AI Generated Signals for BR

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Broadridge Financial Solutions Inc. (NYSE: BR) report below can help you understand how to do this. The trading plans for BR, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.