How the (NBIX) price action is used to our Advantage
July 03, 2024, 08:28 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NBIX
- Buy NBIX slightly over 135.4 target 145.59 stop loss @ 135.01 Details
The technical summary data tells us to buy NBIX near 135.4 with an upside target of 145.59. This data also tells us to set a stop loss @ 135.01 to protect against excessive loss in case the stock begins to move against the trade. 135.4 is the first level of support below 137.49 , and by rule, any test of support is a buy signal. In this case, support 135.4 would be being tested, so a buy signal would exist.
- Short NBIX slightly under 145.59, target 135.4, stop loss @ 146.01 Details
The technical summary data is suggesting a short of NBIX as it gets near 145.59 with a downside target of 135.4. We should have a stop loss in place at 146.01though. 145.59 is the first level of resistance above 137.49, and by rule, any test of resistance is a short signal. In this case, if resistance 145.59 is being tested, so a short signal would exist.
Swing Trading Plans for NBIX
- Buy NBIX slightly over 139.75, target 145.59, Stop Loss @ 139.35 Details
If 139.75 begins to break higher, the technical summary data tells us to buy NBIX just slightly over 139.75, with an upside target of 145.59. The data also tells us to set a stop loss @ 139.35 in case the stock turns against the trade. 139.75 is the first level of resistance above 137.49, and by rule, any break above resistance is a buy signal. In this case, 139.75, 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 NBIX slightly near 139.75, target 135.95, Stop Loss @ 140.15. Details
The technical summary data is suggesting a short of NBIX if it tests 139.75 with a downside target of 135.95. We should have a stop loss in place at 140.15 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, 139.75, 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 NBIX
- Buy NBIX slightly over 138.45, target 139.75, Stop Loss @ 138.13 Details
If 138.45 begins to break higher, the technical summary data tells us to buy NBIX just slightly over 138.45, with an upside target of 139.75. The data also tells us to set a stop loss @ 138.13 in case the stock turns against the trade. 138.45 is the first level of resistance above 137.49, and by rule, any break above resistance is a buy signal. In this case, 138.45, 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 NBIX slightly near 138.45, target 135.95, Stop Loss @ 138.77. Details
The technical summary data is suggesting a short of NBIX if it tests 138.45 with a downside target of 135.95. We should have a stop loss in place at 138.77 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, 138.45, 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 Neurocrine Biosciences Inc. (NBIX) available here: NBIX.
NBIX Ratings for July 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
135.4 |
| P2 |
138.45 |
135.95 |
145.59 |
| P3 |
141.09 |
139.75 |
155.92 |
AI Generated Signals for NBIX
Blue = Current Price
Red= Resistance
Green = Support
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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 Neurocrine Biosciences Inc. (NASDAQ: NBIX) data table below can help you with price action, and we have more details too. Trading plans for NBIX 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.
Fundamental Charts for NBIX:
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