Trading (BLD) With Integrated Risk Controls

February 29, 2024, 10:20 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BLD

• Buy BLD slightly over 366.45 target 406.56 stop loss @ 365.39 Details

The technical summary data tells us to buy BLD near 366.45 with an upside target of 406.56. This data also tells us to set a stop loss @ 365.39 to protect against excessive loss in case the stock begins to move against the trade. 366.45 is the first level of support below 398.885 , and by rule, any test of support is a buy signal. In this case, support 366.45 is being tested, a buy signal would exist.

• Short BLD slightly under 406.56, target 366.45, stop loss @ 407.73 Details

The technical summary data is suggesting a short of BLD as it gets near 406.56 with a downside target of 366.45. We should have a stop loss in place at 407.73though. 406.56 is the first level of resistance above 398.885, and by rule, any test of resistance is a short signal. In this case, if resistance 406.56 is being tested, a short signal would exist.

Swing Trading Plans for BLD

• Buy BLD slightly over 406.56, target 415.38, Stop Loss @ 405.39 Details

If 406.56 begins to break higher, the technical summary data tells us to buy BLD just slightly over 406.56, with an upside target of 415.38. The data also tells us to set a stop loss @ 405.39 in case the stock turns against the trade. 406.56 is the first level of resistance above 398.885, and by rule, any break above resistance is a buy signal. In this case, 406.56, 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 BLD slightly near 406.56, target 392.77, Stop Loss @ 407.73. Details

The technical summary data is suggesting a short of BLD if it tests 406.56 with a downside target of 392.77. We should have a stop loss in place at 407.73 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, 406.56, 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 BLD

• Buy BLD slightly over 406.56, target 408.8, Stop Loss @ 405.61 Details

If 406.56 begins to break higher, the technical summary data tells us to buy BLD just slightly over 406.56, with an upside target of 408.8. The data also tells us to set a stop loss @ 405.61 in case the stock turns against the trade. 406.56 is the first level of resistance above 398.885, and by rule, any break above resistance is a buy signal. In this case, 406.56, 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 BLD slightly near 406.56, target 392.77, Stop Loss @ 407.51. Details

The technical summary data is suggesting a short of BLD if it tests 406.56 with a downside target of 392.77. We should have a stop loss in place at 407.51 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, 406.56, 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 Topbuild Corp. (BLD) available here: BLD.

BLD Ratings for February 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	326.32
P2	391.73	392.77	366.45
P3	408.8	415.38	406.56

AI Generated Signals for BLD

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