When (SAM) Moves Investors should Listen

February 12, 2024, 12:28 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SAM

• Buy SAM slightly over 334.97 target 359.86 stop loss @ 334 Details

The technical summary data tells us to buy SAM near 334.97 with an upside target of 359.86. This data also tells us to set a stop loss @ 334 to protect against excessive loss in case the stock begins to move against the trade. 334.97 is the first level of support below 359.27 , and by rule, any test of support is a buy signal. In this case, support 334.97 would be being tested, so a buy signal would exist.

• Short SAM slightly under 359.86, target 334.97, stop loss @ 360.9 Details

The technical summary data is suggesting a short of SAM as it gets near 359.86 with a downside target of 334.97. We should have a stop loss in place at 360.9though. 359.86 is the first level of resistance above 359.27, and by rule, any test of resistance is a short signal. In this case, if resistance 359.86 is being tested, so a short signal would exist.

Swing Trading Plans for SAM

• Buy SAM slightly over 359.86, target 388.98, Stop Loss @ 358.82 Details

If 359.86 begins to break higher, the technical summary data tells us to buy SAM just slightly over 359.86, with an upside target of 388.98. The data also tells us to set a stop loss @ 358.82 in case the stock turns against the trade. 359.86 is the first level of resistance above 359.27, and by rule, any break above resistance is a buy signal. In this case, 359.86, 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 SAM slightly near 359.86, target 354.88, Stop Loss @ 360.9. Details

The technical summary data is suggesting a short of SAM if it tests 359.86 with a downside target of 354.88. We should have a stop loss in place at 360.9 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, 359.86, 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 SAM

• Buy SAM slightly over 359.86, target 388.98, Stop Loss @ 359.02 Details

If 359.86 begins to break higher, the technical summary data tells us to buy SAM just slightly over 359.86, with an upside target of 388.98. The data also tells us to set a stop loss @ 359.02 in case the stock turns against the trade. 359.86 is the first level of resistance above 359.27, and by rule, any break above resistance is a buy signal. In this case, 359.86, 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 SAM slightly near 359.86, target 354.88, Stop Loss @ 360.7. Details

The technical summary data is suggesting a short of SAM if it tests 359.86 with a downside target of 354.88. We should have a stop loss in place at 360.7 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, 359.86, 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  Boston Beer Company Inc. (the) (SAM) available here: SAM.

SAM Ratings for February 12:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	334.97
P2	350.35	349.35	359.86
P3	353.79	354.88	388.98

AI Generated Signals for SAM

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