Belden BDC Pivots Trading Plans and Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for BDC
  • Buy BDC slightly slightly over 58.95 target 66.26 stop loss @ 58.78 Details
  • The technical summary data tells us to buy BDC near 58.95 with an upside target of 66.26. This data also tells us to set a stop loss @ 58.78 to protect against excessive loss in case the stock begins to move against the trade. 58.95 is the first level of support below 61.42 , and by rule, any test of support is a buy signal. In this case, support 58.95 is being tested, a buy signal would exist.

  • Short BDC slightly under 66.26, target 58.95, stop loss @ 66.45 Details
  • The technical summary data is suggesting a short of BDC as it gets near 66.26 with a downside target of 58.95. We should have a stop loss in place at 66.45though. 66.26 is the first level of resistance above 61.42, and by rule, any test of resistance is a short signal. In this case, if resistance 66.26 is being tested, a short signal would exist.

Swing Trading Plans for BDC
  • Buy BDC slightly slightly over 62.37, target 65.22, Stop Loss @ 62.19 Details
  • If 62.37 begins to break higher, the technical summary data tells us to buy BDC just slightly over 62.37, with an upside target of 65.22. The data also tells us to set a stop loss @ 62.19 in case the stock turns against the trade. 62.37 is the first level of resistance above 61.42, and by rule, any break above resistance is a buy signal. In this case, 62.37, 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 BDC slightly near 62.37, target 58.95, Stop Loss @ 62.55. Details
  • The technical summary data is suggesting a short of BDC if it tests 62.37 with a downside target of 58.95. We should have a stop loss in place at 62.55 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, 62.37, 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 BDC
  • Buy BDC slightly slightly over 61.71, target 62.37, Stop Loss @ 61.57 Details
  • If 61.71 begins to break higher, the technical summary data tells us to buy BDC just slightly over 61.71, with an upside target of 62.37. The data also tells us to set a stop loss @ 61.57 in case the stock turns against the trade. 61.71 is the first level of resistance above 61.42, and by rule, any break above resistance is a buy signal. In this case, 61.71, 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 BDC slightly near 61.71, target 58.95, Stop Loss @ 61.85. Details
  • The technical summary data is suggesting a short of BDC if it tests 61.71 with a downside target of 58.95. We should have a stop loss in place at 61.85 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, 61.71, 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.

BDC Ratings for September 23:

Term →Near Mid Long
Rating Neutral Weak Neutral
P1 0 0 51.23
P2 61.71 62.37 58.95
P3 63.62 65.22 66.26

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BDC Long Term Analysis for September 23 2022


BDC Swing Trading Analysis for September 23 2022


BDC Day Trading Analysis for September 23 2022

This Belden (NYSE: BDC) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BDC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BDC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BDC too.  All of these are offered below the Summary Table.