How the (BPMC) price action is used to our Advantage
November 21, 2024, 18:36 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BPMC
- Buy BPMC near 86.44 target 100.15 stop loss @ 86.19 Details
The technical summary data tells us to buy BPMC near 86.44 with an upside target of 100.15. This data also tells us to set a stop loss @ 86.19 to protect against excessive loss in case the stock begins to move against the trade. 86.44 is the first level of support below 96.62 , and by rule, any test of support is a buy signal. In this case, support 86.44 would be being tested, so a buy signal would exist.
- Short BPMC slightly under 100.15, target 86.44, stop loss @ 100.44 Details
The technical summary data is suggesting a short of BPMC as it gets near 100.15 with a downside target of 86.44. We should have a stop loss in place at 100.44though. 100.15 is the first level of resistance above 96.62, and by rule, any test of resistance is a short signal. In this case, if resistance 100.15 is being tested, so a short signal would exist.
Swing Trading Plans for BPMC
- Buy BPMC slightly over 100.15, target 114.3, Stop Loss @ 99.86 Details
If 100.15 begins to break higher, the technical summary data tells us to buy BPMC just slightly over 100.15, with an upside target of 114.3. The data also tells us to set a stop loss @ 99.86 in case the stock turns against the trade. 100.15 is the first level of resistance above 96.62, and by rule, any break above resistance is a buy signal. In this case, 100.15, 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 BPMC slightly near 100.15, target 94.8, Stop Loss @ 100.44. Details
The technical summary data is suggesting a short of BPMC if it tests 100.15 with a downside target of 94.8. We should have a stop loss in place at 100.44 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, 100.15, 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 BPMC
- Buy BPMC slightly over 98.01, target 100.15, Stop Loss @ 97.78 Details
If 98.01 begins to break higher, the technical summary data tells us to buy BPMC just slightly over 98.01, with an upside target of 100.15. The data also tells us to set a stop loss @ 97.78 in case the stock turns against the trade. 98.01 is the first level of resistance above 96.62, and by rule, any break above resistance is a buy signal. In this case, 98.01, 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 BPMC slightly near 98.01, target 94.8, Stop Loss @ 98.24. Details
The technical summary data is suggesting a short of BPMC if it tests 98.01 with a downside target of 94.8. We should have a stop loss in place at 98.24 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, 98.01, 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 Blueprint Medicines Corporation (BPMC) available here: BPMC.
BPMC Ratings for November 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
86.44 |
| P2 |
94.33 |
88.08 |
100.15 |
| P3 |
98.01 |
94.8 |
114.3 |
AI Generated Signals for BPMC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Blueprint Medicines Corporation (NASDAQ: BPMC) data table below can help you with price action, and we have more details too. Trading plans for BPMC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BPMC:
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