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

December 13, 2024, 02:38 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BLDR

• Buy BLDR near 150.04 target 175.48 stop loss @ 149.61 Details

The technical summary data tells us to buy BLDR near 150.04 with an upside target of 175.48. This data also tells us to set a stop loss @ 149.61 to protect against excessive loss in case the stock begins to move against the trade. 150.04 is the first level of support below 170.68 , and by rule, any test of support is a buy signal. In this case, support 150.04 would be being tested, so a buy signal would exist.

• Short BLDR slightly under 175.48, target 150.04, stop loss @ 175.99 Details

The technical summary data is suggesting a short of BLDR as it gets near 175.48 with a downside target of 150.04. We should have a stop loss in place at 175.99though. 175.48 is the first level of resistance above 170.68, and by rule, any test of resistance is a short signal. In this case, if resistance 175.48 is being tested, so a short signal would exist.

Swing Trading Plans for BLDR

• Buy BLDR slightly over 172.16, target 175.48, Stop Loss @ 171.66 Details

If 172.16 begins to break higher, the technical summary data tells us to buy BLDR just slightly over 172.16, with an upside target of 175.48. The data also tells us to set a stop loss @ 171.66 in case the stock turns against the trade. 172.16 is the first level of resistance above 170.68, and by rule, any break above resistance is a buy signal. In this case, 172.16, 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 172.16, target 167.77, Stop Loss @ 172.66. Details

The technical summary data is suggesting a short of BLDR if it tests 172.16 with a downside target of 167.77. We should have a stop loss in place at 172.66 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, 172.16, 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 171.48, target 172.16, Stop Loss @ 171.08 Details

If 171.48 begins to break higher, the technical summary data tells us to buy BLDR just slightly over 171.48, with an upside target of 172.16. The data also tells us to set a stop loss @ 171.08 in case the stock turns against the trade. 171.48 is the first level of resistance above 170.68, and by rule, any break above resistance is a buy signal. In this case, 171.48, 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 171.48, target 168.65, Stop Loss @ 171.88. Details

The technical summary data is suggesting a short of BLDR if it tests 171.48 with a downside target of 168.65. We should have a stop loss in place at 171.88 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, 171.48, 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 December 13:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	150.04
P2	168.65	167.77	175.48
P3	171.48	172.16	200.58

AI Generated Signals for BLDR

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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.