When (BBC) Moves Investors should Listen
July 09, 2024, 22:34 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BBC
- Buy BBC slightly over 24.61 target 28.13 stop loss @ 24.54 Details
The technical summary data tells us to buy BBC near 24.61 with an upside target of 28.13. This data also tells us to set a stop loss @ 24.54 to protect against excessive loss in case the stock begins to move against the trade. 24.61 is the first level of support below 26.3426 , and by rule, any test of support is a buy signal. In this case, support 24.61 would be being tested, so a buy signal would exist.
- Short BBC slightly under 28.13, target 24.61, stop loss @ 28.21 Details
The technical summary data is suggesting a short of BBC as it gets near 28.13 with a downside target of 24.61. We should have a stop loss in place at 28.21though. 28.13 is the first level of resistance above 26.3426, and by rule, any test of resistance is a short signal. In this case, if resistance 28.13 is being tested, so a short signal would exist.
Swing Trading Plans for BBC
- Buy BBC slightly over 28.13, target 31.64, Stop Loss @ 28.05 Details
If 28.13 begins to break higher, the technical summary data tells us to buy BBC just slightly over 28.13, with an upside target of 31.64. The data also tells us to set a stop loss @ 28.05 in case the stock turns against the trade. 28.13 is the first level of resistance above 26.3426, and by rule, any break above resistance is a buy signal. In this case, 28.13, 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 BBC slightly near 28.13, target 25.69, Stop Loss @ 28.21. Details
The technical summary data is suggesting a short of BBC if it tests 28.13 with a downside target of 25.69. We should have a stop loss in place at 28.21 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, 28.13, 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 BBC
- Buy BBC slightly over 28.13, target 31.64, Stop Loss @ 28.06 Details
If 28.13 begins to break higher, the technical summary data tells us to buy BBC just slightly over 28.13, with an upside target of 31.64. The data also tells us to set a stop loss @ 28.06 in case the stock turns against the trade. 28.13 is the first level of resistance above 26.3426, and by rule, any break above resistance is a buy signal. In this case, 28.13, 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 BBC slightly near 28.13, target 26.06, Stop Loss @ 28.2. Details
The technical summary data is suggesting a short of BBC if it tests 28.13 with a downside target of 26.06. We should have a stop loss in place at 28.2 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, 28.13, 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 Virtus Lifesci Biotech Clinical Trials Etf (BBC) available here: BBC.
BBC Ratings for July 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
24.61 |
| P2 |
25.11 |
24.72 |
28.13 |
| P3 |
26.06 |
25.69 |
31.64 |
AI Generated Signals for BBC
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 Virtus Lifesci Biotech Clinical Trials Etf (NYSE: BBC) report below is a real world example. Included are trading plans for BBC, 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 BBC:
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