Trading (BFH) With Integrated Risk Controls
October 20, 2024, 06:10 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BFH
- Buy BFH near 47.43 target 53.06 stop loss @ 47.29 Details
The technical summary data tells us to buy BFH near 47.43 with an upside target of 53.06. This data also tells us to set a stop loss @ 47.29 to protect against excessive loss in case the stock begins to move against the trade. 47.43 is the first level of support below 51.15 , and by rule, any test of support is a buy signal. In this case, support 47.43 would be being tested, so a buy signal would exist.
- Short BFH slightly under 53.06, target 47.43, stop loss @ 53.21 Details
The technical summary data is suggesting a short of BFH as it gets near 53.06 with a downside target of 47.43. We should have a stop loss in place at 53.21though. 53.06 is the first level of resistance above 51.15, and by rule, any test of resistance is a short signal. In this case, if resistance 53.06 is being tested, so a short signal would exist.
Swing Trading Plans for BFH
- Buy BFH slightly over 52.43, target 53.06, Stop Loss @ 52.28 Details
If 52.43 begins to break higher, the technical summary data tells us to buy BFH just slightly over 52.43, with an upside target of 53.06. The data also tells us to set a stop loss @ 52.28 in case the stock turns against the trade. 52.43 is the first level of resistance above 51.15, and by rule, any break above resistance is a buy signal. In this case, 52.43, 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 BFH slightly near 52.43, target 47.43, Stop Loss @ 52.58. Details
The technical summary data is suggesting a short of BFH if it tests 52.43 with a downside target of 47.43. We should have a stop loss in place at 52.58 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, 52.43, 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 BFH
- Buy BFH slightly over 52.43, target 53.06, Stop Loss @ 52.31 Details
If 52.43 begins to break higher, the technical summary data tells us to buy BFH just slightly over 52.43, with an upside target of 53.06. The data also tells us to set a stop loss @ 52.31 in case the stock turns against the trade. 52.43 is the first level of resistance above 51.15, and by rule, any break above resistance is a buy signal. In this case, 52.43, 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 BFH slightly near 52.43, target 47.43, Stop Loss @ 52.55. Details
The technical summary data is suggesting a short of BFH if it tests 52.43 with a downside target of 47.43. We should have a stop loss in place at 52.55 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, 52.43, 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 Bread Financial Holdings Inc. (BFH) available here: BFH.
BFH Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
47.43 |
| P2 |
52.95 |
52.43 |
53.06 |
| P3 |
53.9 |
53.75 |
58.69 |
AI Generated Signals for BFH
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Bread Financial Holdings Inc. (NYSE: BFH) report below can help you, but we have more details too. The trading plans for BFH, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for BFH:
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