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When Benchmark Electronics (BHE) Moves Investors should Listen

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  Benchmark Electronics (NYSE: BHE) report below is a real world example. Included are trading plans for BHE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

Longer Term Trading Plans for BHE
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short BHE under 22.19, target n/a, stop loss @ 22.25 Details
  • The technical summary data is suggesting a short of BHE as it gets near 22.19, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 22.25. 22.19 is the first level of resistance above 22.13, and by rule, any test of resistance is a short signal. In this case, if resistance 22.19 is being tested, so a short signal would exist.

Swing Trading Plans for BHE
  • Buy BHE slightly over 22.19, target 22.84, Stop Loss @ 22.13 Details
  • If 22.19 begins to break higher, the technical summary data tells us to buy BHE just slightly over 22.19, with an upside target of 22.84. The data also tells us to set a stop loss @ 22.13 in case the stock turns against the trade. 22.19 is the first level of resistance above 22.13, and by rule, any break above resistance is a buy signal. In this case, 22.19, 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 BHE near 22.19, target 21.42, Stop Loss @ 22.25. Details
  • The technical summary data is suggesting a short of BHE if it tests 22.19 with a downside target of 21.42. We should have a stop loss in place at 22.25 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, 22.19, 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 BHE
  • Buy BHE slightly over 22.19, target 22.84, Stop Loss @ 22.14 Details
  • If 22.19 begins to break higher, the technical summary data tells us to buy BHE just slightly over 22.19, with an upside target of 22.84. The data also tells us to set a stop loss @ 22.14 in case the stock turns against the trade. 22.19 is the first level of resistance above 22.13, and by rule, any break above resistance is a buy signal. In this case, 22.19, 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 BHE near 22.19, target 21.42, Stop Loss @ 22.24. Details
  • The technical summary data is suggesting a short of BHE if it tests 22.19 with a downside target of 21.42. We should have a stop loss in place at 22.24 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, 22.19, 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.

BHE Ratings for July 04:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 22.19
P2 22.08 21.42 24.10
P3 23.05 22.84 25.82
Triggers may have already come
Support and Resistance Plot Chart for BHE

BHE Long Term Analysis for July 4 2022

Blue = Current Price
Red= Resistance
Green = Support

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