Learn to Evaluate (BFAM) using the Charts
May 09, 2024, 11:08 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BFAM
- Buy BFAM slightly over 107.58 target 117.69 stop loss @ 107.27 Details
The technical summary data tells us to buy BFAM near 107.58 with an upside target of 117.69. This data also tells us to set a stop loss @ 107.27 to protect against excessive loss in case the stock begins to move against the trade. 107.58 is the first level of support below 114.52 , and by rule, any test of support is a buy signal. In this case, support 107.58 is being tested, a buy signal would exist.
- Short BFAM slightly under 117.69, target 107.58, stop loss @ 118.03 Details
The technical summary data is suggesting a short of BFAM as it gets near 117.69 with a downside target of 107.58. We should have a stop loss in place at 118.03though. 117.69 is the first level of resistance above 114.52, and by rule, any test of resistance is a short signal. In this case, if resistance 117.69 is being tested, a short signal would exist.
Swing Trading Plans for BFAM
- Buy BFAM slightly over 116.39, target 117.69, Stop Loss @ 116.05 Details
If 116.39 begins to break higher, the technical summary data tells us to buy BFAM just slightly over 116.39, with an upside target of 117.69. The data also tells us to set a stop loss @ 116.05 in case the stock turns against the trade. 116.39 is the first level of resistance above 114.52, and by rule, any break above resistance is a buy signal. In this case, 116.39, 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 BFAM slightly near 116.39, target 109.12, Stop Loss @ 116.73. Details
The technical summary data is suggesting a short of BFAM if it tests 116.39 with a downside target of 109.12. We should have a stop loss in place at 116.73 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, 116.39, 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 BFAM
- Buy BFAM slightly over 115.01, target 116.39, Stop Loss @ 114.74 Details
If 115.01 begins to break higher, the technical summary data tells us to buy BFAM just slightly over 115.01, with an upside target of 116.39. The data also tells us to set a stop loss @ 114.74 in case the stock turns against the trade. 115.01 is the first level of resistance above 114.52, and by rule, any break above resistance is a buy signal. In this case, 115.01, 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 BFAM slightly near 115.01, target 109.12, Stop Loss @ 115.28. Details
The technical summary data is suggesting a short of BFAM if it tests 115.01 with a downside target of 109.12. We should have a stop loss in place at 115.28 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, 115.01, 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 Bright Horizons Family Solutions Inc. (BFAM) available here: BFAM.
BFAM Ratings for May 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
97.07 |
| P2 |
115.01 |
109.12 |
107.58 |
| P3 |
119.93 |
116.39 |
117.69 |
AI Generated Signals for BFAM
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Bright Horizons Family Solutions Inc. (NASDAQ: BFAM) report below can help you understand how to do this. The trading plans for BFAM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BFAM:
pool ads
