How the price action of Baxter International (BAX) is used to our Advantage

December 03, 2021, 09:00 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Baxter International (NYSE: BAX) data table below can help you with price action, and we have more details too. Trading plans for BAX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for BAX

• Buy BAX slightly over 76.07 target 80.55 stop loss @ 75.85 Details

The technical summary data tells us to buy BAX near 76.07 with an upside target of 80.55. This data also tells us to set a stop loss @ 75.85 to protect against excessive loss in case the stock begins to move against the trade. 76.07 is the first level of support below 76.23 , and by rule, any test of support is a buy signal. In this case, support 76.07 would be being tested, so a buy signal would exist.

• Short BAX under 80.55, target 76.07, stop loss @ 80.78 Details

The technical summary data is suggesting a short of BAX as it gets near 80.55 with a downside target of 76.07. We should have a stop loss in place at 80.78though. 80.55 is the first level of resistance above 76.23, and by rule, any test of resistance is a short signal. In this case, if resistance 80.55 is being tested, so a short signal would exist.

Swing Trading Plans for BAX

• Buy BAX slightly over 80.55, target 84.94, Stop Loss @ 80.32 Details

If 80.55 begins to break higher, the technical summary data tells us to buy BAX just slightly over 80.55, with an upside target of 84.94. The data also tells us to set a stop loss @ 80.32 in case the stock turns against the trade. 80.55 is the first level of resistance above 76.23, and by rule, any break above resistance is a buy signal. In this case, 80.55, 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 BAX near 80.55, target 76.13, Stop Loss @ 80.78. Details

The technical summary data is suggesting a short of BAX if it tests 80.55 with a downside target of 76.13. We should have a stop loss in place at 80.78 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, 80.55, 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 BAX

• Buy BAX slightly over 80.55, target 84.94, Stop Loss @ 80.36 Details

If 80.55 begins to break higher, the technical summary data tells us to buy BAX just slightly over 80.55, with an upside target of 84.94. The data also tells us to set a stop loss @ 80.36 in case the stock turns against the trade. 80.55 is the first level of resistance above 76.23, and by rule, any break above resistance is a buy signal. In this case, 80.55, 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 BAX near 80.55, target 76.13, Stop Loss @ 80.74. Details

The technical summary data is suggesting a short of BAX if it tests 80.55 with a downside target of 76.13. We should have a stop loss in place at 80.74 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, 80.55, 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.

BAX Ratings for December 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	76.07
P2	74.53	74.47	80.55
P3	75.99	76.13	84.94

Support and Resistance Plot Chart for BAX

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