Trading (SBH) With Integrated Risk Controls
October 24, 2024, 10:06 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SBH
- Buy SBH near 12.31 target 14.01 stop loss @ 12.27 Details
The technical summary data tells us to buy SBH near 12.31 with an upside target of 14.01. This data also tells us to set a stop loss @ 12.27 to protect against excessive loss in case the stock begins to move against the trade. 12.31 is the first level of support below 12.42 , and by rule, any test of support is a buy signal. In this case, support 12.31 is being tested, a buy signal would exist.
- Short SBH slightly under 14.01, target 12.31, stop loss @ 14.05 Details
The technical summary data is suggesting a short of SBH as it gets near 14.01 with a downside target of 12.31. We should have a stop loss in place at 14.05though. 14.01 is the first level of resistance above 12.42, and by rule, any test of resistance is a short signal. In this case, if resistance 14.01 is being tested, a short signal would exist.
Swing Trading Plans for SBH
- Buy SBH slightly over 12.59, target 14.01, Stop Loss @ 12.55 Details
If 12.59 begins to break higher, the technical summary data tells us to buy SBH just slightly over 12.59, with an upside target of 14.01. The data also tells us to set a stop loss @ 12.55 in case the stock turns against the trade. 12.59 is the first level of resistance above 12.42, and by rule, any break above resistance is a buy signal. In this case, 12.59, 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 SBH slightly near 12.59, target 12.31, Stop Loss @ 12.63. Details
The technical summary data is suggesting a short of SBH if it tests 12.59 with a downside target of 12.31. We should have a stop loss in place at 12.63 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, 12.59, 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 SBH
- Buy SBH slightly over 12.59, target 14.01, Stop Loss @ 12.56 Details
If 12.59 begins to break higher, the technical summary data tells us to buy SBH just slightly over 12.59, with an upside target of 14.01. The data also tells us to set a stop loss @ 12.56 in case the stock turns against the trade. 12.59 is the first level of resistance above 12.42, and by rule, any break above resistance is a buy signal. In this case, 12.59, 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 SBH slightly near 12.59, target 12.31, Stop Loss @ 12.62. Details
The technical summary data is suggesting a short of SBH if it tests 12.59 with a downside target of 12.31. We should have a stop loss in place at 12.62 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, 12.59, 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 Sally Beauty Holdings Inc. (name To Be Changed From Holdings Inc.) (SBH) available here: SBH.
SBH Ratings for October 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
10.55 |
| P2 |
11.98 |
12.1 |
12.31 |
| P3 |
12.25 |
12.59 |
14.01 |
AI Generated Signals for SBH
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Sally Beauty Holdings Inc. (name To Be Changed From Holdings Inc.) (NYSE: SBH) report below can help you, but we have more details too. The trading plans for SBH, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for SBH:
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