When (BBC) Moves Investors should Listen

July 09, 2024, 22:34 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BBC

• Buy BBC slightly over 24.61 target 28.13 stop loss @ 24.54 Details

The technical summary data tells us to buy BBC near 24.61 with an upside target of 28.13. This data also tells us to set a stop loss @ 24.54 to protect against excessive loss in case the stock begins to move against the trade. 24.61 is the first level of support below 26.3426 , and by rule, any test of support is a buy signal. In this case, support 24.61 would be being tested, so a buy signal would exist.

• Short BBC slightly under 28.13, target 24.61, stop loss @ 28.21 Details

The technical summary data is suggesting a short of BBC as it gets near 28.13 with a downside target of 24.61. We should have a stop loss in place at 28.21though. 28.13 is the first level of resistance…