When (BURL) Moves Investors should Listen

June 30, 2024, 08:04 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BURL

• Buy BURL slightly over 219.38 target 249.24 stop loss @ 218.75 Details

The technical summary data tells us to buy BURL near 219.38 with an upside target of 249.24. This data also tells us to set a stop loss @ 218.75 to protect against excessive loss in case the stock begins to move against the trade. 219.38 is the first level of support below 240 , and by rule, any test of support is a buy signal. In this case, support 219.38 is being tested, a buy signal would exist.

• Short BURL slightly under 249.24, target 219.38, stop loss @ 249.96 Details

The technical summary data is suggesting a short of BURL as it gets near 249.24 with a downside target of 219.38. We should have a stop loss in place at 249.96though. 249.24 is the first level of resistance above 240, and by rule, any test of resistance is a short signal. In this case, if resistance 249.24 is being tested, a short signal would exist.

Swing Trading Plans for BURL

• Buy BURL slightly over 246.28, target 249.24, Stop Loss @ 245.57 Details

If 246.28 begins to break higher, the technical summary data tells us to buy BURL just slightly over 246.28, with an upside target of 249.24. The data also tells us to set a stop loss @ 245.57 in case the stock turns against the trade. 246.28 is the first level of resistance above 240, and by rule, any break above resistance is a buy signal. In this case, 246.28, 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 BURL slightly near 246.28, target 239.45, Stop Loss @ 246.99. Details

The technical summary data is suggesting a short of BURL if it tests 246.28 with a downside target of 239.45. We should have a stop loss in place at 246.99 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, 246.28, 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 BURL

• Buy BURL slightly over 240.28, target 246.28, Stop Loss @ 239.72 Details

If 240.28 begins to break higher, the technical summary data tells us to buy BURL just slightly over 240.28, with an upside target of 246.28. The data also tells us to set a stop loss @ 239.72 in case the stock turns against the trade. 240.28 is the first level of resistance above 240, and by rule, any break above resistance is a buy signal. In this case, 240.28, 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 BURL slightly near 240.28, target 239.45, Stop Loss @ 240.84. Details

The technical summary data is suggesting a short of BURL if it tests 240.28 with a downside target of 239.45. We should have a stop loss in place at 240.84 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, 240.28, 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  Burlington Stores Inc. (BURL) available here: BURL.

BURL Ratings for June 30:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	189.76
P2	237.04	239.45	219.38
P3	240.28	246.28	249.24

AI Generated Signals for BURL

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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  Burlington Stores Inc. (NASDAQ: BURL) report below is a real world example. Included are trading plans for BURL, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.