When the Price of Benchmark Electronics BHE Talks, People Listen

September 23, 2022, 06:30 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Benchmark Electronics (NYSE: BHE) 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 BHE 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. 

Longer Term Trading Plans for BHE

• Buy BHE slightly over 24.89 target 27.09 stop loss @ 24.82 Details

The technical summary data tells us to buy BHE near 24.89 with an upside target of 27.09. This data also tells us to set a stop loss @ 24.82 to protect against excessive loss in case the stock begins to move against the trade. 24.89 is the first level of support below 25.33 , and by rule, any test of support is a buy signal. In this case, support 24.89 is being tested, a buy signal would exist.

• Short BHE slightly under 27.09, target 24.89, stop loss @ 27.17 Details

The technical summary data is suggesting a short of BHE as it gets near 27.09 with a downside target of 24.89. We should have a stop loss in place at 27.17though. 27.09 is the first level of resistance above 25.33, and by rule, any test of resistance is a short signal. In this case, if resistance 27.09 is being tested, a short signal would exist.

Swing Trading Plans for BHE

• Buy BHE slightly over 25.97, target 27.09, Stop Loss @ 25.89 Details

If 25.97 begins to break higher, the technical summary data tells us to buy BHE just slightly over 25.97, with an upside target of 27.09. The data also tells us to set a stop loss @ 25.89 in case the stock turns against the trade. 25.97 is the first level of resistance above 25.33, and by rule, any break above resistance is a buy signal. In this case, 25.97, 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 BHE slightly near 25.97, target 25.11, Stop Loss @ 26.05. Details

The technical summary data is suggesting a short of BHE if it tests 25.97 with a downside target of 25.11. We should have a stop loss in place at 26.05 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, 25.97, 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 BHE

• Buy BHE slightly over 25.97, target 27.09, Stop Loss @ 25.91 Details

If 25.97 begins to break higher, the technical summary data tells us to buy BHE just slightly over 25.97, with an upside target of 27.09. The data also tells us to set a stop loss @ 25.91 in case the stock turns against the trade. 25.97 is the first level of resistance above 25.33, and by rule, any break above resistance is a buy signal. In this case, 25.97, 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 BHE slightly near 25.97, target 25.14, Stop Loss @ 26.03. Details

The technical summary data is suggesting a short of BHE if it tests 25.97 with a downside target of 25.14. We should have a stop loss in place at 26.03 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, 25.97, 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.

BHE Ratings for September 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	22.57
P2	25.14	25.11	24.89
P3	25.82	25.97	27.09

Support and Resistance Plot Chart for BHE

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