When the Price of (BURL) Talks, People Listen

July 10, 2024, 06:58 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BURL

• Buy BURL slightly over 226.09 target 255.27 stop loss @ 225.44 Details

The technical summary data tells us to buy BURL near 226.09 with an upside target of 255.27. This data also tells us to set a stop loss @ 225.44 to protect against excessive loss in case the stock begins to move against the trade. 226.09 is the first level of support below 240.21 , and by rule, any test of support is a buy signal. In this case, support 226.09 is being tested, a buy signal would exist.

• Short BURL slightly under 255.27, target 226.09, stop loss @ 256.01 Details

The technical summary data is suggesting a short of BURL as it gets near 255.27 with a downside target of 226.09. We should have a stop loss in place at 256.01though. 255.27 is the first level of resistance above 240.21, and by rule, any test of resistance is a short signal. In this case, if resistance 255.27 is being tested, a short signal would exist.

Swing Trading Plans for BURL

• Buy BURL slightly over 240.63, target 255.27, Stop Loss @ 239.94 Details

If 240.63 begins to break higher, the technical summary data tells us to buy BURL just slightly over 240.63, with an upside target of 255.27. The data also tells us to set a stop loss @ 239.94 in case the stock turns against the trade. 240.63 is the first level of resistance above 240.21, and by rule, any break above resistance is a buy signal. In this case, 240.63, 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 BURL slightly near 240.63, target 233.03, Stop Loss @ 241.32. Details

The technical summary data is suggesting a short of BURL if it tests 240.63 with a downside target of 233.03. We should have a stop loss in place at 241.32 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, 240.63, 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 BURL

• Buy BURL slightly over 240.63, target 240.92, Stop Loss @ 240.07 Details

If 240.63 begins to break higher, the technical summary data tells us to buy BURL just slightly over 240.63, with an upside target of 240.92. The data also tells us to set a stop loss @ 240.07 in case the stock turns against the trade. 240.63 is the first level of resistance above 240.21, and by rule, any break above resistance is a buy signal. In this case, 240.63, 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 BURL slightly near 240.63, target 233.03, Stop Loss @ 241.19. Details

The technical summary data is suggesting a short of BURL if it tests 240.63 with a downside target of 233.03. We should have a stop loss in place at 241.19 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, 240.63, 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 Burlington Stores Inc. (BURL) available here: BURL.

BURL Ratings for July 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	196.9
P2	240.92	233.03	226.09
P3	243.48	240.63	255.27

AI Generated Signals for BURL

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Burlington Stores Inc. (NASDAQ: BURL) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BURL can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.