When (BYD) Moves Investors should Listen

July 08, 2024, 15:04 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BYD

• Buy BYD slightly over 50.69 target 56.33 stop loss @ 50.54 Details

The technical summary data tells us to buy BYD near 50.69 with an upside target of 56.33. This data also tells us to set a stop loss @ 50.54 to protect against excessive loss in case the stock begins to move against the trade. 50.69 is the first level of support below 54.665 , and by rule, any test of support is a buy signal. In this case, support 50.69 would be being tested, so a buy signal would exist.

• Short BYD slightly under 56.33, target 50.69, stop loss @ 56.49 Details

The technical summary data is suggesting a short of BYD as it gets near 56.33 with a downside target of 50.69. We should have a stop loss in place at 56.49though. 56.33 is the first level of resistance above 54.665, and by rule, any test of resistance is a short signal. In this case, if resistance 56.33 is being tested, so a short signal would exist.

Swing Trading Plans for BYD

• Buy BYD slightly over 54.97, target 56.33, Stop Loss @ 54.81 Details

If 54.97 begins to break higher, the technical summary data tells us to buy BYD just slightly over 54.97, with an upside target of 56.33. The data also tells us to set a stop loss @ 54.81 in case the stock turns against the trade. 54.97 is the first level of resistance above 54.665, and by rule, any break above resistance is a buy signal. In this case, 54.97, 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 BYD slightly near 54.97, target 53.52, Stop Loss @ 55.13. Details

The technical summary data is suggesting a short of BYD if it tests 54.97 with a downside target of 53.52. We should have a stop loss in place at 55.13 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, 54.97, 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 BYD

• Buy BYD slightly over 54.97, target 56.33, Stop Loss @ 54.84 Details

If 54.97 begins to break higher, the technical summary data tells us to buy BYD just slightly over 54.97, with an upside target of 56.33. The data also tells us to set a stop loss @ 54.84 in case the stock turns against the trade. 54.97 is the first level of resistance above 54.665, and by rule, any break above resistance is a buy signal. In this case, 54.97, 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 BYD slightly near 54.97, target 54.11, Stop Loss @ 55.1. Details

The technical summary data is suggesting a short of BYD if it tests 54.97 with a downside target of 54.11. We should have a stop loss in place at 55.1 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, 54.97, 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  Boyd Gaming Corporation (BYD) available here: BYD.

BYD Ratings for July 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	50.69
P2	53.16	53.52	56.33
P3	54.11	54.97	61.89

AI Generated Signals for BYD

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