When the Price of (BOUT) Talks, People Listen
October 09, 2024, 15:06 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BOUT
- Buy BOUT near 35.3 target 36.97 stop loss @ 35.2 Details
The technical summary data tells us to buy BOUT near 35.3 with an upside target of 36.97. This data also tells us to set a stop loss @ 35.2 to protect against excessive loss in case the stock begins to move against the trade. 35.3 is the first level of support below 36.38 , and by rule, any test of support is a buy signal. In this case, support 35.3 would be being tested, so a buy signal would exist.
- Short BOUT slightly under 36.97, target 35.3, stop loss @ 37.08 Details
The technical summary data is suggesting a short of BOUT as it gets near 36.97 with a downside target of 35.3. We should have a stop loss in place at 37.08though. 36.97 is the first level of resistance above 36.38, and by rule, any test of resistance is a short signal. In this case, if resistance 36.97 is being tested, so a short signal would exist.
Swing Trading Plans for BOUT
- Buy BOUT slightly over 36.97, target 38.65, Stop Loss @ 36.86 Details
If 36.97 begins to break higher, the technical summary data tells us to buy BOUT just slightly over 36.97, with an upside target of 38.65. The data also tells us to set a stop loss @ 36.86 in case the stock turns against the trade. 36.97 is the first level of resistance above 36.38, and by rule, any break above resistance is a buy signal. In this case, 36.97, 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 BOUT slightly near 36.97, target 36.29, Stop Loss @ 37.08. Details
The technical summary data is suggesting a short of BOUT if it tests 36.97 with a downside target of 36.29. We should have a stop loss in place at 37.08 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, 36.97, 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 BOUT
- Buy BOUT slightly over 36.41, target 36.97, Stop Loss @ 36.33 Details
If 36.41 begins to break higher, the technical summary data tells us to buy BOUT just slightly over 36.41, with an upside target of 36.97. The data also tells us to set a stop loss @ 36.33 in case the stock turns against the trade. 36.41 is the first level of resistance above 36.38, and by rule, any break above resistance is a buy signal. In this case, 36.41, 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 BOUT slightly near 36.41, target 35.3, Stop Loss @ 36.49. Details
The technical summary data is suggesting a short of BOUT if it tests 36.41 with a downside target of 35.3. We should have a stop loss in place at 36.49 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, 36.41, 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 Innovator Ibd(r) Breakout Opportunities Etf (BOUT) available here: BOUT.
BOUT Ratings for October 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
35.3 |
| P2 |
36.14 |
36.03 |
36.97 |
| P3 |
36.41 |
36.29 |
38.65 |
AI Generated Signals for BOUT
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Innovator Ibd(r) Breakout Opportunities Etf (NASDAQ: BOUT) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for BOUT can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BOUT:
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