Becton Dickinson $BDX Trading Report

September 15, 2023, 17:15 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BDX

• Buy BDX slightly over 254.17 target 268.77 stop loss @ 253.44 Details

The technical summary data tells us to buy BDX near 254.17 with an upside target of 268.77. This data also tells us to set a stop loss @ 253.44 to protect against excessive loss in case the stock begins to move against the trade. 254.17 is the first level of support below 263.74 , and by rule, any test of support is a buy signal. In this case, support 254.17 would be being tested, so a buy signal would exist.

• Short BDX slightly under 268.77, target 254.17, stop loss @ 269.55 Details

The technical summary data is suggesting a short of BDX as it gets near 268.77 with a downside target of 254.17. We should have a stop loss in place at 269.55though. 268.77 is the first level of resistance above 263.74, and by rule, any test of resistance is a short signal. In this case, if resistance 268.77 is being tested, so a short signal would exist.

Swing Trading Plans for BDX

• Buy BDX slightly over 267.57, target 268.77, Stop Loss @ 266.8 Details

If 267.57 begins to break higher, the technical summary data tells us to buy BDX just slightly over 267.57, with an upside target of 268.77. The data also tells us to set a stop loss @ 266.8 in case the stock turns against the trade. 267.57 is the first level of resistance above 263.74, and by rule, any break above resistance is a buy signal. In this case, 267.57, 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 BDX slightly near 267.57, target 259.97, Stop Loss @ 268.34. Details

The technical summary data is suggesting a short of BDX if it tests 267.57 with a downside target of 259.97. We should have a stop loss in place at 268.34 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, 267.57, 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 BDX

• Buy BDX slightly over 266.59, target 267.57, Stop Loss @ 265.97 Details

If 266.59 begins to break higher, the technical summary data tells us to buy BDX just slightly over 266.59, with an upside target of 267.57. The data also tells us to set a stop loss @ 265.97 in case the stock turns against the trade. 266.59 is the first level of resistance above 263.74, and by rule, any break above resistance is a buy signal. In this case, 266.59, 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 BDX slightly near 266.59, target 262.04, Stop Loss @ 267.21. Details

The technical summary data is suggesting a short of BDX if it tests 266.59 with a downside target of 262.04. We should have a stop loss in place at 267.21 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, 266.59, 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 Becton Dickinson (BDX) available here: BDX.

BDX Ratings for September 15:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	254.17
P2	262.04	259.97	268.77
P3	266.59	267.57	283.45

AI Generated Signals for BDX

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Technically, Becton Dickinson (NYSE: BDX) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BDX 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 BDX too.  All of these are offered below the Summary Table.