When (BH) Moves Investors should Listen

December 23, 2024, 13:38 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BH

• Buy BH near 226.93 target n/a stop loss @ 226.27. Details

The technical summary data tells us to buy BH near 226.93, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 226.27 to protect against excessive loss in case the stock begins to move against the trade. 226.93 is the first level of support below 250.53, and by rule, any test of support is a buy signal. In this case, if support 226.93 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BH

• Buy BH slightly over 257.78, target n/a, Stop Loss @ 257.04 Details

If 257.78 begins to break higher, the technical summary data tells us to buy BH just slightly over 257.78, with an upside target of n/a. The data also tells us to set a stop loss @ 257.04 in case the stock turns against the trade. 257.78 is the first level of resistance above 250.53, and by rule, any break above resistance is a buy signal. In this case, 257.78, 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 BH slightly near 257.78, target 240.6, Stop Loss @ 258.52. Details

The technical summary data is suggesting a short of BH if it tests 257.78 with a downside target of 240.6. We should have a stop loss in place at 258.52 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, 257.78, 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 BH

• Buy BH slightly over 257.78, target 260.26, Stop Loss @ 257.18 Details

If 257.78 begins to break higher, the technical summary data tells us to buy BH just slightly over 257.78, with an upside target of 260.26. The data also tells us to set a stop loss @ 257.18 in case the stock turns against the trade. 257.78 is the first level of resistance above 250.53, and by rule, any break above resistance is a buy signal. In this case, 257.78, 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 BH slightly near 257.78, target 241.55, Stop Loss @ 258.38. Details

The technical summary data is suggesting a short of BH if it tests 257.78 with a downside target of 241.55. We should have a stop loss in place at 258.38 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, 257.78, 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  Biglari Holdings Inc. Class B (BH) available here: BH.

BH Ratings for December 23:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	173.9
P2	241.55	240.6	198.52
P3	260.26	257.78	226.93

AI Generated Signals for BH

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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  Biglari Holdings Inc. Class B (NYSE: BH) report below is a real world example. Included are trading plans for BH, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.