Learn to Evaluate (FBT) using the Charts

December 24, 2024, 19:28 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FBT

• Buy FBT near 163.05 target 171.57 stop loss @ 162.58 Details

The technical summary data tells us to buy FBT near 163.05 with an upside target of 171.57. This data also tells us to set a stop loss @ 162.58 to protect against excessive loss in case the stock begins to move against the trade. 163.05 is the first level of support below 167.223 , and by rule, any test of support is a buy signal. In this case, support 163.05 would be being tested, so a buy signal would exist.

• Short FBT slightly under 171.57, target 163.05, stop loss @ 172.07 Details

The technical summary data is suggesting a short of FBT as it gets near 171.57 with a downside target of 163.05. We should have a stop loss in place at 172.07though. 171.57 is the first level of resistance above 167.223, and by rule, any test of resistance is a short signal. In this case, if resistance 171.57 is being tested, so a short signal would exist.

Swing Trading Plans for FBT

• Buy FBT slightly over 171.57, target 179.86, Stop Loss @ 171.07 Details

If 171.57 begins to break higher, the technical summary data tells us to buy FBT just slightly over 171.57, with an upside target of 179.86. The data also tells us to set a stop loss @ 171.07 in case the stock turns against the trade. 171.57 is the first level of resistance above 167.223, and by rule, any break above resistance is a buy signal. In this case, 171.57, 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 FBT slightly near 171.57, target 166.77, Stop Loss @ 172.07. Details

The technical summary data is suggesting a short of FBT if it tests 171.57 with a downside target of 166.77. We should have a stop loss in place at 172.07 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, 171.57, 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 FBT

• Buy FBT slightly over 171.57, target 179.86, Stop Loss @ 171.17 Details

If 171.57 begins to break higher, the technical summary data tells us to buy FBT just slightly over 171.57, with an upside target of 179.86. The data also tells us to set a stop loss @ 171.17 in case the stock turns against the trade. 171.57 is the first level of resistance above 167.223, and by rule, any break above resistance is a buy signal. In this case, 171.57, 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 FBT slightly near 171.57, target 166.77, Stop Loss @ 171.97. Details

The technical summary data is suggesting a short of FBT if it tests 171.57 with a downside target of 166.77. We should have a stop loss in place at 171.97 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, 171.57, 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  First Trust Nyse Arca Biotechnology Index Fund (FBT) available here: FBT.

FBT Ratings for December 24:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	163.05
P2	161.49	163.01	171.57
P3	165.54	166.77	179.86

AI Generated Signals for FBT

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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  First Trust Nyse Arca Biotechnology Index Fund (NYSE: FBT) report below can help you understand how to do this. The trading plans for FBT, 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.