When the Price of Becton Dickinson $BDX Talks, People Listen

October 14, 2023, 10:30 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BDX

• Buy BDX slightly over 256.93 target 270.88 stop loss @ 256.19 Details

The technical summary data tells us to buy BDX near 256.93 with an upside target of 270.88. This data also tells us to set a stop loss @ 256.19 to protect against excessive loss in case the stock begins to move against the trade. 256.93 is the first level of support below 258.7 , and by rule, any test of support is a buy signal. In this case, support 256.93 would be being tested, so a buy signal would exist.

• Short BDX slightly under 270.88, target 256.93, stop loss @ 271.66 Details

The technical summary data is suggesting a short of BDX as it gets near 270.88 with a downside target of 256.93. We should have a stop loss in place at 271.66though. 270.88 is the first level of resistance above 258.7, and by rule, any test of resistance is a short signal. In this case, if resistance 270.88 is being tested, so a short signal would exist.

Swing Trading Plans for BDX

• Buy BDX slightly over 265.77, target 270.88, Stop Loss @ 265 Details

If 265.77 begins to break higher, the technical summary data tells us to buy BDX just slightly over 265.77, with an upside target of 270.88. The data also tells us to set a stop loss @ 265 in case the stock turns against the trade. 265.77 is the first level of resistance above 258.7, and by rule, any break above resistance is a buy signal. In this case, 265.77, 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 BDX slightly near 265.77, target 258.65, Stop Loss @ 266.54. Details

The technical summary data is suggesting a short of BDX if it tests 265.77 with a downside target of 258.65. We should have a stop loss in place at 266.54 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, 265.77, 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 BDX

• Buy BDX slightly over 264.25, target 265.77, Stop Loss @ 263.63 Details

If 264.25 begins to break higher, the technical summary data tells us to buy BDX just slightly over 264.25, with an upside target of 265.77. The data also tells us to set a stop loss @ 263.63 in case the stock turns against the trade. 264.25 is the first level of resistance above 258.7, and by rule, any break above resistance is a buy signal. In this case, 264.25, 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 BDX slightly near 264.25, target 258.65, Stop Loss @ 264.87. Details

The technical summary data is suggesting a short of BDX if it tests 264.25 with a downside target of 258.65. We should have a stop loss in place at 264.87 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, 264.25, 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 Becton Dickinson (BDX) available here: BDX.

BDX Ratings for October 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	256.93
P2	257.28	258.65	270.88
P3	264.25	265.77	284.71

AI Generated Signals for BDX

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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 Becton Dickinson (NYSE: BDX) 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 BDX 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.