When Biomarin Pharmaceutical Inc. ($BMRN) Moves Investors should Listen
November 25, 2023, 23:00 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BMRN
- Buy BMRN slightly over 82.48 target 89.15 stop loss @ 82.24 Details
The technical summary data tells us to buy BMRN near 82.48 with an upside target of 89.15. This data also tells us to set a stop loss @ 82.24 to protect against excessive loss in case the stock begins to move against the trade. 82.48 is the first level of support below 88.19 , and by rule, any test of support is a buy signal. In this case, support 82.48 is being tested, a buy signal would exist.
- Short BMRN slightly under 89.15, target 82.48, stop loss @ 89.41 Details
The technical summary data is suggesting a short of BMRN as it gets near 89.15 with a downside target of 82.48. We should have a stop loss in place at 89.41though. 89.15 is the first level of resistance above 88.19, and by rule, any test of resistance is a short signal. In this case, if resistance 89.15 is being tested, a short signal would exist.
Swing Trading Plans for BMRN
- Buy BMRN slightly over 89.15, target 89.56, Stop Loss @ 88.89 Details
If 89.15 begins to break higher, the technical summary data tells us to buy BMRN just slightly over 89.15, with an upside target of 89.56. The data also tells us to set a stop loss @ 88.89 in case the stock turns against the trade. 89.15 is the first level of resistance above 88.19, and by rule, any break above resistance is a buy signal. In this case, 89.15, 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 BMRN slightly near 89.15, target 87.12, Stop Loss @ 89.41. Details
The technical summary data is suggesting a short of BMRN if it tests 89.15 with a downside target of 87.12. We should have a stop loss in place at 89.41 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, 89.15, 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 BMRN
- Buy BMRN slightly over 88.48, target 89.15, Stop Loss @ 88.27 Details
If 88.48 begins to break higher, the technical summary data tells us to buy BMRN just slightly over 88.48, with an upside target of 89.15. The data also tells us to set a stop loss @ 88.27 in case the stock turns against the trade. 88.48 is the first level of resistance above 88.19, and by rule, any break above resistance is a buy signal. In this case, 88.48, 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 BMRN slightly near 88.48, target 87.63, Stop Loss @ 88.69. Details
The technical summary data is suggesting a short of BMRN if it tests 88.48 with a downside target of 87.63. We should have a stop loss in place at 88.69 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, 88.48, 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 Biomarin Pharmaceutical Inc. (BMRN) available here: BMRN.
BMRN Ratings for November 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
75.53 |
| P2 |
87.63 |
87.12 |
82.48 |
| P3 |
88.48 |
89.56 |
89.15 |
AI Generated Signals for BMRN
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 Biomarin Pharmaceutical Inc. (NASDAQ: BMRN) report below is a real world example. Included are trading plans for BMRN, 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 BMRN:
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