When (BIO) Moves Investors should Listen
October 09, 2024, 12:24 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BIO
- Buy BIO near 315.27 target 346.97 stop loss @ 314.36 Details
The technical summary data tells us to buy BIO near 315.27 with an upside target of 346.97. This data also tells us to set a stop loss @ 314.36 to protect against excessive loss in case the stock begins to move against the trade. 315.27 is the first level of support below 337.045 , and by rule, any test of support is a buy signal. In this case, support 315.27 is being tested, a buy signal would exist.
- Short BIO slightly under 346.97, target 315.27, stop loss @ 347.97 Details
The technical summary data is suggesting a short of BIO as it gets near 346.97 with a downside target of 315.27. We should have a stop loss in place at 347.97though. 346.97 is the first level of resistance above 337.045, and by rule, any test of resistance is a short signal. In this case, if resistance 346.97 is being tested, a short signal would exist.
Swing Trading Plans for BIO
- Buy BIO slightly over 338.28, target 346.97, Stop Loss @ 337.3 Details
If 338.28 begins to break higher, the technical summary data tells us to buy BIO just slightly over 338.28, with an upside target of 346.97. The data also tells us to set a stop loss @ 337.3 in case the stock turns against the trade. 338.28 is the first level of resistance above 337.045, and by rule, any break above resistance is a buy signal. In this case, 338.28, 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 BIO slightly near 338.28, target 315.27, Stop Loss @ 339.26. Details
The technical summary data is suggesting a short of BIO if it tests 338.28 with a downside target of 315.27. We should have a stop loss in place at 339.26 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, 338.28, 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 BIO
- Buy BIO slightly over 337.9, target 338.28, Stop Loss @ 337.11 Details
If 337.9 begins to break higher, the technical summary data tells us to buy BIO just slightly over 337.9, with an upside target of 338.28. The data also tells us to set a stop loss @ 337.11 in case the stock turns against the trade. 337.9 is the first level of resistance above 337.045, and by rule, any break above resistance is a buy signal. In this case, 337.9, 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 BIO slightly near 337.9, target 315.27, Stop Loss @ 338.69. Details
The technical summary data is suggesting a short of BIO if it tests 337.9 with a downside target of 315.27. We should have a stop loss in place at 338.69 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, 337.9, 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 Bio-rad Laboratories Inc. Class A (BIO) available here: BIO.
BIO Ratings for October 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
284.25 |
| P2 |
337.9 |
338.28 |
315.27 |
| P3 |
343.1 |
347.67 |
346.97 |
AI Generated Signals for BIO
Blue = Current Price
Red= Resistance
Green = Support
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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 Bio-rad Laboratories Inc. Class A (NYSE: BIO) report below is a real world example. Included are trading plans for BIO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BIO:
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