Trading (NBIX) With Integrated Risk Controls

July 13, 2024, 06:54 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NBIX

• Buy NBIX slightly over 145.96 target 156.36 stop loss @ 145.54 Details

The technical summary data tells us to buy NBIX near 145.96 with an upside target of 156.36. This data also tells us to set a stop loss @ 145.54 to protect against excessive loss in case the stock begins to move against the trade. 145.96 is the first level of support below 147.425 , and by rule, any test of support is a buy signal. In this case, support 145.96 is being tested, a buy signal would exist.

• Short NBIX slightly under 156.36, target 145.96, stop loss @ 156.81 Details

The technical summary data is suggesting a short of NBIX as it gets near 156.36 with a downside target of 145.96. We should have a stop loss in place at 156.81though. 156.36 is the first level of resistance above 147.425, and by rule, any test of resistance is a short signal. In this case, if resistance 156.36 is being tested, a short signal would exist.

Swing Trading Plans for NBIX

• Buy NBIX slightly over 149.07, target 156.36, Stop Loss @ 148.64 Details

If 149.07 begins to break higher, the technical summary data tells us to buy NBIX just slightly over 149.07, with an upside target of 156.36. The data also tells us to set a stop loss @ 148.64 in case the stock turns against the trade. 149.07 is the first level of resistance above 147.425, and by rule, any break above resistance is a buy signal. In this case, 149.07, 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 149.07, target 145.96, Stop Loss @ 149.5. Details

The technical summary data is suggesting a short of NBIX if it tests 149.07 with a downside target of 145.96. We should have a stop loss in place at 149.5 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, 149.07, 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 148.22, target 149.07, Stop Loss @ 147.87 Details

If 148.22 begins to break higher, the technical summary data tells us to buy NBIX just slightly over 148.22, with an upside target of 149.07. The data also tells us to set a stop loss @ 147.87 in case the stock turns against the trade. 148.22 is the first level of resistance above 147.425, and by rule, any break above resistance is a buy signal. In this case, 148.22, 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 148.22, target 145.96, Stop Loss @ 148.57. Details

The technical summary data is suggesting a short of NBIX if it tests 148.22 with a downside target of 145.96. We should have a stop loss in place at 148.57 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, 148.22, 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 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	135.68
P2	148.22	145.03	145.96
P3	150.73	149.07	156.36

AI Generated Signals for NBIX

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