When (BXC) Moves Investors should Listen
October 20, 2024, 13:10 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BXC
- Buy BXC near 108.24 target 127.1 stop loss @ 107.93 Details
The technical summary data tells us to buy BXC near 108.24 with an upside target of 127.1. This data also tells us to set a stop loss @ 107.93 to protect against excessive loss in case the stock begins to move against the trade. 108.24 is the first level of support below 109.54 , and by rule, any test of support is a buy signal. In this case, support 108.24 is being tested, a buy signal would exist.
- Short BXC slightly under 127.1, target 108.24, stop loss @ 127.47 Details
The technical summary data is suggesting a short of BXC as it gets near 127.1 with a downside target of 108.24. We should have a stop loss in place at 127.47though. 127.1 is the first level of resistance above 109.54, and by rule, any test of resistance is a short signal. In this case, if resistance 127.1 is being tested, a short signal would exist.
Swing Trading Plans for BXC
- Buy BXC slightly over 110.3, target 113.3, Stop Loss @ 109.98 Details
If 110.3 begins to break higher, the technical summary data tells us to buy BXC just slightly over 110.3, with an upside target of 113.3. The data also tells us to set a stop loss @ 109.98 in case the stock turns against the trade. 110.3 is the first level of resistance above 109.54, and by rule, any break above resistance is a buy signal. In this case, 110.3, 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 BXC slightly near 110.3, target 108.24, Stop Loss @ 110.62. Details
The technical summary data is suggesting a short of BXC if it tests 110.3 with a downside target of 108.24. We should have a stop loss in place at 110.62 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, 110.3, 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 BXC
- Buy BXC slightly over 110.3, target 111.86, Stop Loss @ 110.04 Details
If 110.3 begins to break higher, the technical summary data tells us to buy BXC just slightly over 110.3, with an upside target of 111.86. The data also tells us to set a stop loss @ 110.04 in case the stock turns against the trade. 110.3 is the first level of resistance above 109.54, and by rule, any break above resistance is a buy signal. In this case, 110.3, 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 BXC slightly near 110.3, target 109.31, Stop Loss @ 110.56. Details
The technical summary data is suggesting a short of BXC if it tests 110.3 with a downside target of 109.31. We should have a stop loss in place at 110.56 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, 110.3, 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 Bluelinx Holdings Inc. (BXC) available here: BXC.
BXC Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
90.84 |
| P2 |
109.31 |
110.3 |
108.24 |
| P3 |
111.86 |
113.3 |
127.1 |
AI Generated Signals for BXC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Bluelinx Holdings Inc. (NYSE: BXC) report below is a real world example. Included are trading plans for BXC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BXC:
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