Learn to Evaluate (BKN) using the Charts

September 28, 2024, 19:02 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BKN

• Details
• Details

Swing Trading Plans for BKN

• Buy BKN slightly over 12.75, target 13.29, Stop Loss @ 12.71 Details

If 12.75 begins to break higher, the technical summary data tells us to buy BKN just slightly over 12.75, with an upside target of 13.29. The data also tells us to set a stop loss @ 12.71 in case the stock turns against the trade. 12.75 is the first level of resistance above 12.7, and by rule, any break above resistance is a buy signal. In this case, 12.75, 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 BKN slightly near 12.75, target 12.49, Stop Loss @ 12.79. Details

The technical summary data is suggesting a short of BKN if it tests 12.75 with a downside target of 12.49. We should have a stop loss in place at 12.79 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, 12.75, 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 BKN

• Buy BKN slightly over 12.89, target 13.29, Stop Loss @ 12.86 Details

If 12.89 begins to break higher, the technical summary data tells us to buy BKN just slightly over 12.89, with an upside target of 13.29. The data also tells us to set a stop loss @ 12.86 in case the stock turns against the trade. 12.89 is the first level of resistance above 12.7, and by rule, any break above resistance is a buy signal. In this case, 12.89, 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 BKN slightly near 12.89, target 12.49, Stop Loss @ 12.92. Details

The technical summary data is suggesting a short of BKN if it tests 12.89 with a downside target of 12.49. We should have a stop loss in place at 12.92 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, 12.89, 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  Blackrock Investment Quality Municipal Trust Inc. (the) (BKN) available here: BKN.

BKN Ratings for September 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	12.12
P2	12.89	12.49	12.7
P3	0	12.75	13.29

AI Generated Signals for BKN

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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  Blackrock Investment Quality Municipal Trust Inc. (the) (NYSE: BKN) report below can help you understand how to do this. The trading plans for BKN, 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.