How To Trade (BLD)

February 07, 2024, 20:50 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BLD

• Buy BLD slightly over 347.22 target 385.01 stop loss @ 346.22 Details

The technical summary data tells us to buy BLD near 347.22 with an upside target of 385.01. This data also tells us to set a stop loss @ 346.22 to protect against excessive loss in case the stock begins to move against the trade. 347.22 is the first level of support below 379.25 , and by rule, any test of support is a buy signal. In this case, support 347.22 is being tested, a buy signal would exist.

• Short BLD slightly under 385.01, target 347.22, stop loss @ 386.12 Details

The technical summary data is suggesting a short of BLD as it gets near 385.01 with a downside target of 347.22. We should have a stop loss in place at 386.12though. 385.01 is the first level of resistance above 379.25, and by rule, any test of resistance is a short signal. In this case, if resistance 385.01 is being tested, a short signal would exist.

Swing Trading Plans for BLD

• Buy BLD slightly over 381.63, target 385.01, Stop Loss @ 380.53 Details

If 381.63 begins to break higher, the technical summary data tells us to buy BLD just slightly over 381.63, with an upside target of 385.01. The data also tells us to set a stop loss @ 380.53 in case the stock turns against the trade. 381.63 is the first level of resistance above 379.25, and by rule, any break above resistance is a buy signal. In this case, 381.63, 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 BLD slightly near 381.63, target 371.32, Stop Loss @ 382.73. Details

The technical summary data is suggesting a short of BLD if it tests 381.63 with a downside target of 371.32. We should have a stop loss in place at 382.73 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, 381.63, 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 BLD

• Buy BLD slightly over 381.63, target 385.01, Stop Loss @ 380.74 Details

If 381.63 begins to break higher, the technical summary data tells us to buy BLD just slightly over 381.63, with an upside target of 385.01. The data also tells us to set a stop loss @ 380.74 in case the stock turns against the trade. 381.63 is the first level of resistance above 379.25, and by rule, any break above resistance is a buy signal. In this case, 381.63, 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 BLD slightly near 381.63, target 378.64, Stop Loss @ 382.52. Details

The technical summary data is suggesting a short of BLD if it tests 381.63 with a downside target of 378.64. We should have a stop loss in place at 382.52 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, 381.63, 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 Topbuild Corp. (BLD) available here: BLD.

BLD Ratings for February 07:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	308.39
P2	369.23	371.32	347.22
P3	378.64	381.63	385.01

AI Generated Signals for BLD

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This report provides trading strategies for Topbuild Corp. (NYSE: BLD) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BLD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BLD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BLD too.  All of these are offered below the Summary Table.