When (FLO) Moves Investors should Listen
June 08, 2024, 22:08 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FLO
- Buy FLO slightly over 22.75 target 24.51 stop loss @ 22.68 Details
The technical summary data tells us to buy FLO near 22.75 with an upside target of 24.51. This data also tells us to set a stop loss @ 22.68 to protect against excessive loss in case the stock begins to move against the trade. 22.75 is the first level of support below 22.8 , and by rule, any test of support is a buy signal. In this case, support 22.75 is being tested, a buy signal would exist.
- Short FLO slightly under 24.51, target 22.75, stop loss @ 24.58 Details
The technical summary data is suggesting a short of FLO as it gets near 24.51 with a downside target of 22.75. We should have a stop loss in place at 24.58though. 24.51 is the first level of resistance above 22.8, and by rule, any test of resistance is a short signal. In this case, if resistance 24.51 is being tested, a short signal would exist.
Swing Trading Plans for FLO
- Buy FLO slightly over 23.2, target 24.51, Stop Loss @ 23.13 Details
If 23.2 begins to break higher, the technical summary data tells us to buy FLO just slightly over 23.2, with an upside target of 24.51. The data also tells us to set a stop loss @ 23.13 in case the stock turns against the trade. 23.2 is the first level of resistance above 22.8, and by rule, any break above resistance is a buy signal. In this case, 23.2, 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 FLO slightly near 23.2, target 22.75, Stop Loss @ 23.27. Details
The technical summary data is suggesting a short of FLO if it tests 23.2 with a downside target of 22.75. We should have a stop loss in place at 23.27 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, 23.2, 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 FLO
- Buy FLO slightly over 22.94, target 23.2, Stop Loss @ 22.89 Details
If 22.94 begins to break higher, the technical summary data tells us to buy FLO just slightly over 22.94, with an upside target of 23.2. The data also tells us to set a stop loss @ 22.89 in case the stock turns against the trade. 22.94 is the first level of resistance above 22.8, and by rule, any break above resistance is a buy signal. In this case, 22.94, 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 FLO slightly near 22.94, target 22.37, Stop Loss @ 22.99. Details
The technical summary data is suggesting a short of FLO if it tests 22.94 with a downside target of 22.37. We should have a stop loss in place at 22.99 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, 22.94, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Flowers Foods Inc. (FLO) available here: FLO.
FLO Ratings for June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
21.02 |
| P2 |
22.94 |
22.37 |
22.75 |
| P3 |
23.2 |
23.2 |
24.51 |
AI Generated Signals for FLO
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 Flowers Foods Inc. (NYSE: FLO) report below is a real world example. Included are trading plans for FLO, 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 FLO:
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