When (BGS) Moves Investors should Listen
January 28, 2024, 01:44 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BGS
- Buy BGS slightly over 9.3 target 11.05 stop loss @ 9.27 Details
The technical summary data tells us to buy BGS near 9.3 with an upside target of 11.05. This data also tells us to set a stop loss @ 9.27 to protect against excessive loss in case the stock begins to move against the trade. 9.3 is the first level of support below 10.32 , and by rule, any test of support is a buy signal. In this case, support 9.3 is being tested, a buy signal would exist.
- Short BGS slightly under 11.05, target 9.3, stop loss @ 11.08 Details
The technical summary data is suggesting a short of BGS as it gets near 11.05 with a downside target of 9.3. We should have a stop loss in place at 11.08though. 11.05 is the first level of resistance above 10.32, and by rule, any test of resistance is a short signal. In this case, if resistance 11.05 is being tested, a short signal would exist.
Swing Trading Plans for BGS
- Buy BGS slightly over 11.05, target n/a, Stop Loss @ 11.02 Details
If 11.05 begins to break higher, the technical summary data tells us to buy BGS just slightly over 11.05, with an upside target of n/a. The data also tells us to set a stop loss @ 11.02 in case the stock turns against the trade. 11.05 is the first level of resistance above 10.32, and by rule, any break above resistance is a buy signal. In this case, 11.05, 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 BGS slightly near 11.05, target 10.25, Stop Loss @ 11.08. Details
The technical summary data is suggesting a short of BGS if it tests 11.05 with a downside target of 10.25. We should have a stop loss in place at 11.08 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, 11.05, 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 BGS
- Buy BGS slightly over 10.48, target 11.05, Stop Loss @ 10.46 Details
If 10.48 begins to break higher, the technical summary data tells us to buy BGS just slightly over 10.48, with an upside target of 11.05. The data also tells us to set a stop loss @ 10.46 in case the stock turns against the trade. 10.48 is the first level of resistance above 10.32, and by rule, any break above resistance is a buy signal. In this case, 10.48, 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 BGS slightly near 10.48, target 10.25, Stop Loss @ 10.5. Details
The technical summary data is suggesting a short of BGS if it tests 10.48 with a downside target of 10.25. We should have a stop loss in place at 10.5 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, 10.48, 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 B&g Foods Inc. (BGS) available here: BGS.
BGS Ratings for January 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
7.47 |
| P2 |
10.22 |
9.62 |
9.3 |
| P3 |
10.48 |
10.25 |
11.05 |
AI Generated Signals for BGS
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The B&g Foods Inc. (NYSE: BGS) report below is a real world example. Included are trading plans for BGS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BGS:
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