Trading (BIO) With Integrated Risk Controls

February 07, 2024, 19:28 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIO

• Buy BIO slightly over 289.87 target 325.25 stop loss @ 289.03 Details

The technical summary data tells us to buy BIO near 289.87 with an upside target of 325.25. This data also tells us to set a stop loss @ 289.03 to protect against excessive loss in case the stock begins to move against the trade. 289.87 is the first level of support below 325.16 , and by rule, any test of support is a buy signal. In this case, support 289.87 is being tested, a buy signal would exist.

• Short BIO slightly under 325.25, target 289.87, stop loss @ 326.19 Details

The technical summary data is suggesting a short of BIO as it gets near 325.25 with a downside target of 289.87. We should have a stop loss in place at 326.19though. 325.25 is the first level of resistance above 325.16, and by rule, any test of resistance is a short signal. In this case, if resistance 325.25 is being tested, a short signal would exist.

Swing Trading Plans for BIO

• Buy BIO slightly over 325.25, target 333.4, Stop Loss @ 324.31 Details

If 325.25 begins to break higher, the technical summary data tells us to buy BIO just slightly over 325.25, with an upside target of 333.4. The data also tells us to set a stop loss @ 324.31 in case the stock turns against the trade. 325.25 is the first level of resistance above 325.16, and by rule, any break above resistance is a buy signal. In this case, 325.25, 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 BIO slightly near 325.25, target 319.97, Stop Loss @ 326.19. Details

The technical summary data is suggesting a short of BIO if it tests 325.25 with a downside target of 319.97. We should have a stop loss in place at 326.19 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, 325.25, 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 BIO

• Buy BIO slightly over 325.25, target 326.56, Stop Loss @ 324.49 Details

If 325.25 begins to break higher, the technical summary data tells us to buy BIO just slightly over 325.25, with an upside target of 326.56. The data also tells us to set a stop loss @ 324.49 in case the stock turns against the trade. 325.25 is the first level of resistance above 325.16, and by rule, any break above resistance is a buy signal. In this case, 325.25, 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 BIO slightly near 325.25, target 321.06, Stop Loss @ 326.01. Details

The technical summary data is suggesting a short of BIO if it tests 325.25 with a downside target of 321.06. We should have a stop loss in place at 326.01 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, 325.25, 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 Bio-rad Laboratories Inc. Class A (BIO) available here: BIO.

BIO Ratings for February 07:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	253.81
P2	321.06	319.97	289.87
P3	326.56	333.4	325.25

AI Generated Signals for BIO

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Bio-rad Laboratories Inc. Class A (NYSE: BIO) report below can help you, but we have more details too. The trading plans for BIO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.