Learn to Evaluate Brooks Automation (BRKS) using the Charts

September 18, 2021, 07:45 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Brooks Automation (NASDAQ: BRKS) report below can help you understand how to do this. The trading plans for BRKS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for BRKS

• Buy BRKS slightly over 88.71 target 101.81 stop loss @ 88.45 Details

The technical summary data tells us to buy BRKS near 88.71 with an upside target of 101.81. This data also tells us to set a stop loss @ 88.45 to protect against excessive loss in case the stock begins to move against the trade. 88.71 is the first level of support below 94.14 , and by rule, any test of support is a buy signal. In this case, support 88.71 would be being tested, so a buy signal would exist.

• Short BRKS under 101.81, target 88.71, stop loss @ 102.1 Details

The technical summary data is suggesting a short of BRKS as it gets near 101.81 with a downside target of 88.71. We should have a stop loss in place at 102.1though. 101.81 is the first level of resistance above 94.14, and by rule, any test of resistance is a short signal. In this case, if resistance 101.81 is being tested, so a short signal would exist.

Swing Trading Plans for BRKS

• Buy BRKS slightly over 96.14, target 101.81, Stop Loss @ 95.86 Details

If 96.14 begins to break higher, the technical summary data tells us to buy BRKS just slightly over 96.14, with an upside target of 101.81. The data also tells us to set a stop loss @ 95.86 in case the stock turns against the trade. 96.14 is the first level of resistance above 94.14, and by rule, any break above resistance is a buy signal. In this case, 96.14, 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 BRKS near 96.14, target 93.06, Stop Loss @ 96.42. Details

The technical summary data is suggesting a short of BRKS if it tests 96.14 with a downside target of 93.06. We should have a stop loss in place at 96.42 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, 96.14, 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 BRKS

• Buy BRKS slightly over 96.14, target 101.81, Stop Loss @ 95.92 Details

If 96.14 begins to break higher, the technical summary data tells us to buy BRKS just slightly over 96.14, with an upside target of 101.81. The data also tells us to set a stop loss @ 95.92 in case the stock turns against the trade. 96.14 is the first level of resistance above 94.14, and by rule, any break above resistance is a buy signal. In this case, 96.14, 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 BRKS near 96.14, target 93.80, Stop Loss @ 96.36. Details

The technical summary data is suggesting a short of BRKS if it tests 96.14 with a downside target of 93.80. We should have a stop loss in place at 96.36 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, 96.14, 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.

BRKS Ratings for September 18:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	88.71
P2	91.95	93.06	101.81
P3	93.80	96.14	116.85

Support and Resistance Plot Chart for BRKS

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