How the (BLDR) price action is used to our Advantage

April 20, 2024, 00:48 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BLDR

• Buy BLDR slightly over 166.69 target 189.24 stop loss @ 166.21 Details

The technical summary data tells us to buy BLDR near 166.69 with an upside target of 189.24. This data also tells us to set a stop loss @ 166.21 to protect against excessive loss in case the stock begins to move against the trade. 166.69 is the first level of support below 177.03 , and by rule, any test of support is a buy signal. In this case, support 166.69 would be being tested, so a buy signal would exist.

• Short BLDR slightly under 189.24, target 166.69, stop loss @ 189.79 Details

The technical summary data is suggesting a short of BLDR as it gets near 189.24 with a downside target of 166.69. We should have a stop loss in place at 189.79though. 189.24 is the first level of resistance above 177.03, and by rule, any test of resistance is a short signal. In this case, if resistance 189.24 is being tested, so a short signal would exist.

Swing Trading Plans for BLDR

• Buy BLDR slightly over 181.64, target 189.24, Stop Loss @ 181.12 Details

If 181.64 begins to break higher, the technical summary data tells us to buy BLDR just slightly over 181.64, with an upside target of 189.24. The data also tells us to set a stop loss @ 181.12 in case the stock turns against the trade. 181.64 is the first level of resistance above 177.03, and by rule, any break above resistance is a buy signal. In this case, 181.64, 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 BLDR slightly near 181.64, target 174.2, Stop Loss @ 182.16. Details

The technical summary data is suggesting a short of BLDR if it tests 181.64 with a downside target of 174.2. We should have a stop loss in place at 182.16 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, 181.64, 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 BLDR

• Buy BLDR slightly over 177.39, target 181.64, Stop Loss @ 176.98 Details

If 177.39 begins to break higher, the technical summary data tells us to buy BLDR just slightly over 177.39, with an upside target of 181.64. The data also tells us to set a stop loss @ 176.98 in case the stock turns against the trade. 177.39 is the first level of resistance above 177.03, and by rule, any break above resistance is a buy signal. In this case, 177.39, 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 BLDR slightly near 177.39, target 174.2, Stop Loss @ 177.8. Details

The technical summary data is suggesting a short of BLDR if it tests 177.39 with a downside target of 174.2. We should have a stop loss in place at 177.8 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, 177.39, 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  Builders Firstsource Inc. (BLDR) available here: BLDR.

BLDR Ratings for April 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	166.69
P2	177.39	174.2	189.24
P3	182.92	181.64	211.92

AI Generated Signals for BLDR

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

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Builders Firstsource Inc. (NASDAQ: BLDR) data table below can help you with price action, and we have more details too. Trading plans for BLDR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.