Trading (BFAM) With Integrated Risk Controls
February 07, 2024, 17:56 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BFAM
- Buy BFAM slightly over 94.42 target 102.4 stop loss @ 94.15 Details
The technical summary data tells us to buy BFAM near 94.42 with an upside target of 102.4. This data also tells us to set a stop loss @ 94.15 to protect against excessive loss in case the stock begins to move against the trade. 94.42 is the first level of support below 98.43 , and by rule, any test of support is a buy signal. In this case, support 94.42 is being tested, a buy signal would exist.
- Short BFAM slightly under 102.4, target 94.42, stop loss @ 102.7 Details
The technical summary data is suggesting a short of BFAM as it gets near 102.4 with a downside target of 94.42. We should have a stop loss in place at 102.7though. 102.4 is the first level of resistance above 98.43, and by rule, any test of resistance is a short signal. In this case, if resistance 102.4 is being tested, a short signal would exist.
Swing Trading Plans for BFAM
- Buy BFAM slightly over 99.26, target 102.4, Stop Loss @ 98.97 Details
If 99.26 begins to break higher, the technical summary data tells us to buy BFAM just slightly over 99.26, with an upside target of 102.4. The data also tells us to set a stop loss @ 98.97 in case the stock turns against the trade. 99.26 is the first level of resistance above 98.43, and by rule, any break above resistance is a buy signal. In this case, 99.26, 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 BFAM slightly near 99.26, target 97.38, Stop Loss @ 99.55. Details
The technical summary data is suggesting a short of BFAM if it tests 99.26 with a downside target of 97.38. We should have a stop loss in place at 99.55 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, 99.26, 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 BFAM
- Buy BFAM slightly over 99.26, target 102.4, Stop Loss @ 99.03 Details
If 99.26 begins to break higher, the technical summary data tells us to buy BFAM just slightly over 99.26, with an upside target of 102.4. The data also tells us to set a stop loss @ 99.03 in case the stock turns against the trade. 99.26 is the first level of resistance above 98.43, and by rule, any break above resistance is a buy signal. In this case, 99.26, 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 BFAM slightly near 99.26, target 97.55, Stop Loss @ 99.49. Details
The technical summary data is suggesting a short of BFAM if it tests 99.26 with a downside target of 97.55. We should have a stop loss in place at 99.49 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, 99.26, 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 Bright Horizons Family Solutions Inc. (BFAM) available here: BFAM.
BFAM Ratings for February 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
85.94 |
| P2 |
97.55 |
97.38 |
94.42 |
| P3 |
99.07 |
99.26 |
102.4 |
AI Generated Signals for BFAM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BFAM:
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