When (BFOR) Moves Investors should Listen
October 20, 2024, 06:16 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BFOR
- Buy BFOR near 71.9 target 74.49 stop loss @ 71.69 Details
The technical summary data tells us to buy BFOR near 71.9 with an upside target of 74.49. This data also tells us to set a stop loss @ 71.69 to protect against excessive loss in case the stock begins to move against the trade. 71.9 is the first level of support below 73.72 , and by rule, any test of support is a buy signal. In this case, support 71.9 is being tested, a buy signal would exist.
- Short BFOR slightly under 74.49, target 71.9, stop loss @ 74.71 Details
The technical summary data is suggesting a short of BFOR as it gets near 74.49 with a downside target of 71.9. We should have a stop loss in place at 74.71though. 74.49 is the first level of resistance above 73.72, and by rule, any test of resistance is a short signal. In this case, if resistance 74.49 is being tested, a short signal would exist.
Swing Trading Plans for BFOR
- Buy BFOR slightly over 74.13, target 74.49, Stop Loss @ 73.92 Details
If 74.13 begins to break higher, the technical summary data tells us to buy BFOR just slightly over 74.13, with an upside target of 74.49. The data also tells us to set a stop loss @ 73.92 in case the stock turns against the trade. 74.13 is the first level of resistance above 73.72, and by rule, any break above resistance is a buy signal. In this case, 74.13, 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 BFOR slightly near 74.13, target 73.29, Stop Loss @ 74.34. Details
The technical summary data is suggesting a short of BFOR if it tests 74.13 with a downside target of 73.29. We should have a stop loss in place at 74.34 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, 74.13, 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 BFOR
- Buy BFOR slightly over 73.87, target 74.49, Stop Loss @ 73.7 Details
If 73.87 begins to break higher, the technical summary data tells us to buy BFOR just slightly over 73.87, with an upside target of 74.49. The data also tells us to set a stop loss @ 73.7 in case the stock turns against the trade. 73.87 is the first level of resistance above 73.72, and by rule, any break above resistance is a buy signal. In this case, 73.87, 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 BFOR slightly near 73.87, target 73.29, Stop Loss @ 74.04. Details
The technical summary data is suggesting a short of BFOR if it tests 73.87 with a downside target of 73.29. We should have a stop loss in place at 74.04 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, 73.87, 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 Barron`s 400 Etf (BFOR) available here: BFOR.
BFOR Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
69.14 |
| P2 |
73.87 |
73.29 |
71.9 |
| P3 |
74.29 |
74.13 |
74.49 |
AI Generated Signals for BFOR
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 Barron`s 400 Etf (NASDAQ: BFOR) report below is a real world example. Included are trading plans for BFOR, 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 BFOR:
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