(BBC) Trading Signals

October 09, 2024, 09:38 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BBC

• Buy BBC near 26.39 target 29.67 stop loss @ 26.31 Details

The technical summary data tells us to buy BBC near 26.39 with an upside target of 29.67. This data also tells us to set a stop loss @ 26.31 to protect against excessive loss in case the stock begins to move against the trade. 26.39 is the first level of support below 28.1468 , and by rule, any test of support is a buy signal. In this case, support 26.39 would be being tested, so a buy signal would exist.

• Short BBC slightly under 29.67, target 26.39, stop loss @ 29.76 Details

The technical summary data is suggesting a short of BBC as it gets near 29.67 with a downside target of 26.39. We should have a stop loss in place at 29.76though. 29.67 is the first level of resistance above…