When Brooks Automation (BRKS) Moves Investors should Listen

August 18, 2021, 20:15 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Brooks Automation (NASDAQ: BRKS) report below is a real world example. Included are trading plans for BRKS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for BRKS

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short BRKS under 91.79, target n/a, stop loss @ 92.06 Details

The technical summary data is suggesting a short of BRKS as it gets near 91.79, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 92.06. 91.79 is the first level of resistance above 77.49, and by rule, any test of resistance is a short signal. In this case, if resistance 91.79 is being tested, so a short signal would exist.

Swing Trading Plans for BRKS

• Buy BRKS slightly over 80.87, target 91.79, Stop Loss @ 80.64 Details

If 80.87 begins to break higher, the technical summary data tells us to buy BRKS just slightly over 80.87, with an upside target of 91.79. The data also tells us to set a stop loss @ 80.64 in case the stock turns against the trade. 80.87 is the first level of resistance above 77.49, and by rule, any break above resistance is a buy signal. In this case, 80.87, 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 BRKS near 80.87, target 77.34, Stop Loss @ 81.1. Details

The technical summary data is suggesting a short of BRKS if it tests 80.87 with a downside target of 77.34. We should have a stop loss in place at 81.1 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, 80.87, 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 BRKS

• Buy BRKS slightly over 78.94, target 80.87, Stop Loss @ 78.76 Details

If 78.94 begins to break higher, the technical summary data tells us to buy BRKS just slightly over 78.94, with an upside target of 80.87. The data also tells us to set a stop loss @ 78.76 in case the stock turns against the trade. 78.94 is the first level of resistance above 77.49, and by rule, any break above resistance is a buy signal. In this case, 78.94, 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 BRKS near 78.94, target 77.34, Stop Loss @ 79.12. Details

The technical summary data is suggesting a short of BRKS if it tests 78.94 with a downside target of 77.34. We should have a stop loss in place at 79.12 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, 78.94, 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.

BRKS Ratings for August 18:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	91.79
P2	77.22	77.34	103.68
P3	78.94	80.87	116.80

Support and Resistance Plot Chart for BRKS

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