When Invalid Iqfeed Symbol (BRKS) Moves Investors should Listen

December 05, 2021, 13:00 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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

Longer Term Trading Plans for BRKS

• Buy BRKS slightly over 106.58 target 118.72 stop loss @ 106.27 Details

The technical summary data tells us to buy BRKS near 106.58 with an upside target of 118.72. This data also tells us to set a stop loss @ 106.27 to protect against excessive loss in case the stock begins to move against the trade. 106.58 is the first level of support below 113.1 , and by rule, any test of support is a buy signal. In this case, support 106.58 is being tested, a buy signal would exist.

• Short BRKS under 118.72, target 106.58, stop loss @ 119.06 Details

The technical summary data is suggesting a short of BRKS as it gets near 118.72 with a downside target of 106.58. We should have a stop loss in place at 119.06though. 118.72 is the first level of resistance above 113.1, and by rule, any test of resistance is a short signal. In this case, if resistance 118.72 is being tested, a short signal would exist.

Swing Trading Plans for BRKS

• Buy BRKS slightly over 118.16, target 118.72, Stop Loss @ 117.82 Details

If 118.16 begins to break higher, the technical summary data tells us to buy BRKS just slightly over 118.16, with an upside target of 118.72. The data also tells us to set a stop loss @ 117.82 in case the stock turns against the trade. 118.16 is the first level of resistance above 113.1, and by rule, any break above resistance is a buy signal. In this case, 118.16, 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 BRKS near 118.16, target 112.41, Stop Loss @ 118.5. Details

The technical summary data is suggesting a short of BRKS if it tests 118.16 with a downside target of 112.41. We should have a stop loss in place at 118.5 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, 118.16, 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 BRKS

• Buy BRKS slightly over 114.88, target 118.16, Stop Loss @ 114.61 Details

If 114.88 begins to break higher, the technical summary data tells us to buy BRKS just slightly over 114.88, with an upside target of 118.16. The data also tells us to set a stop loss @ 114.61 in case the stock turns against the trade. 114.88 is the first level of resistance above 113.1, and by rule, any break above resistance is a buy signal. In this case, 114.88, 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 BRKS near 114.88, target 112.41, Stop Loss @ 115.15. Details

The technical summary data is suggesting a short of BRKS if it tests 114.88 with a downside target of 112.41. We should have a stop loss in place at 115.15 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, 114.88, 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.

BRKS Ratings for December 05:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	95.60
P2	111.60	112.41	106.58
P3	114.88	118.16	118.72

Support and Resistance Plot Chart for BRKS

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