When the Price of Baxter International BAX Talks, People Listen

June 22, 2022, 03:30 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Baxter International (NYSE: BAX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BAX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for BAX

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short BAX under 72.67, target n/a, stop loss @ 72.88 Details

The technical summary data is suggesting a short of BAX as it gets near 72.67, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 72.88. 72.67 is the first level of resistance above 64.02, and by rule, any test of resistance is a short signal. In this case, if resistance 72.67 is being tested, so a short signal would exist.

Swing Trading Plans for BAX

• Buy BAX slightly over 65.88, target 72.67, Stop Loss @ 65.69 Details

If 65.88 begins to break higher, the technical summary data tells us to buy BAX just slightly over 65.88, with an upside target of 72.67. The data also tells us to set a stop loss @ 65.69 in case the stock turns against the trade. 65.88 is the first level of resistance above 64.02, and by rule, any break above resistance is a buy signal. In this case, 65.88, 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 BAX near 65.88, target 62.56, Stop Loss @ 66.07. Details

The technical summary data is suggesting a short of BAX if it tests 65.88 with a downside target of 62.56. We should have a stop loss in place at 66.07 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, 65.88, 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 BAX

• Buy BAX slightly over 65.88, target 72.67, Stop Loss @ 65.73 Details

If 65.88 begins to break higher, the technical summary data tells us to buy BAX just slightly over 65.88, with an upside target of 72.67. The data also tells us to set a stop loss @ 65.73 in case the stock turns against the trade. 65.88 is the first level of resistance above 64.02, and by rule, any break above resistance is a buy signal. In this case, 65.88, 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 BAX near 65.88, target 63.38, Stop Loss @ 66.03. Details

The technical summary data is suggesting a short of BAX if it tests 65.88 with a downside target of 63.38. We should have a stop loss in place at 66.03 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, 65.88, 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.

BAX Ratings for June 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	72.67
P2	61.12	62.56	78.64
P3	63.38	65.88	84.59

Support and Resistance Plot Chart for BAX

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