When the Price of Bank Of Montreal $BMO Talks, People Listen
July 29, 2023, 21:45 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BMO
- Buy BMO slightly over 88.52 target 94.32 stop loss @ 88.26 Details
The technical summary data tells us to buy BMO near 88.52 with an upside target of 94.32. This data also tells us to set a stop loss @ 88.26 to protect against excessive loss in case the stock begins to move against the trade. 88.52 is the first level of support below 91.99 , and by rule, any test of support is a buy signal. In this case, support 88.52 is being tested, a buy signal would exist.
- Short BMO slightly under 94.32, target 88.52, stop loss @ 94.59 Details
The technical summary data is suggesting a short of BMO as it gets near 94.32 with a downside target of 88.52. We should have a stop loss in place at 94.59though. 94.32 is the first level of resistance above 91.99, and by rule, any test of resistance is a short signal. In this case, if resistance 94.32 is being tested, a short signal would exist.
Swing Trading Plans for BMO
- Buy BMO slightly over 93.10, target 94.32, Stop Loss @ 92.83 Details
If 93.10 begins to break higher, the technical summary data tells us to buy BMO just slightly over 93.10, with an upside target of 94.32. The data also tells us to set a stop loss @ 92.83 in case the stock turns against the trade. 93.10 is the first level of resistance above 91.99, and by rule, any break above resistance is a buy signal. In this case, 93.10, 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 BMO slightly near 93.10, target 88.52, Stop Loss @ 93.37. Details
The technical summary data is suggesting a short of BMO if it tests 93.10 with a downside target of 88.52. We should have a stop loss in place at 93.37 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, 93.10, 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 BMO
- Buy BMO slightly over 92.44, target 93.10, Stop Loss @ 92.22 Details
If 92.44 begins to break higher, the technical summary data tells us to buy BMO just slightly over 92.44, with an upside target of 93.10. The data also tells us to set a stop loss @ 92.22 in case the stock turns against the trade. 92.44 is the first level of resistance above 91.99, and by rule, any break above resistance is a buy signal. In this case, 92.44, 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 BMO slightly near 92.44, target 88.52, Stop Loss @ 92.66. Details
The technical summary data is suggesting a short of BMO if it tests 92.44 with a downside target of 88.52. We should have a stop loss in place at 92.66 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, 92.44, 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.
This is a snapshot. Real Time Updates are available on our BMO Page.
BMO Ratings for July 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
82.15 |
| P2 |
92.44 |
93.10 |
88.52 |
| P3 |
93.45 |
94.62 |
94.32 |
Support and Resistance Plot Chart for BMO
Blue = Current Price
Red= Resistance
Green = Support
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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 Bank Of Montreal (NYSE: BMO) 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 BMO 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.
Fundamental Charts for BMO:
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