How we can use the (BGS) price action to our advantage

June 30, 2024, 1:24 AM ET, BY Thomas H. Kee Jr. – Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BGS

• Buy BGS just above 7.34, target 9.1, stop loss at 7.32 details

The technical summary data tells us to buy BGS at 7.34 with an upside target of 9.1. This data also tells us to set a stop loss at 7.32 to protect ourselves from excessive losses in case the stock starts moving against the trade. 7.34 is the first level of support below 8.08 and according to the rule, any test of support is a buy signal. In this case, the support at 7.34 would be tested, so a buy signal would be present.

• Short BGS just below 9.1, target 7.34, stop loss at 9.13 details

The technical summary data suggests a short of BGS as it approaches 9.1, with a downside target of 7.34. However, we should place a stop loss at 9.13. 9.1 is the first resistance level above 8.08, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 9.1 resistance is tested.

Swing Trading Plans for BGS

• Buy BGS just above 9.1, target 10.85, stop loss at 9.07 details

If 9.1 starts to rise, the technical summary data tells us to buy BGS just above 9.1, with an upside target of 10.85. The data also tells us to set a stop loss at 9.07 in case the stock turns against the trade. 9.1 is the first resistance level above 8.08, and any break above resistance is usually a buy signal. In this case, 9.1, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BGS just near 9.1, target 7.98, stop loss at 9.13. details

The technical summary data suggests a short of BGS if it tests 9.1, with a downside target of 7.98. However, we should set a stop loss at 9.13 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the 9.1 resistance is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for BGS

• Buy BGS just above 9.1, target 10.85, stop loss at 9.08 details

If 9.1 starts to rise, the technical summary data tells us to buy BGS just above 9.1, with an upside target of 10.85. The data also tells us to set a stop loss at 9.08 in case the stock turns against the trade. 9.1 is the first resistance level above 8.08, and any break above resistance is usually a buy signal. In this case, 9.1, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BGS just near 9.1, target 8.04, stop loss at 9.12. details

The technical summary data suggests a short of BGS if it tests 9.1, with a downside target of 8.04. However, we should set a stop loss at 9.12 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the 9.1 resistance is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for B&G Foods Inc. (BGS) available here: BGS.

BGS ratings for June 30:

AI-generated signals for BGS

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The B&G Foods Inc. The data table (NYSE:BGS) below can help you with the price trend and we also have more details. Trading plans for BGS are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on any other stock, you can get unlimited real-time reports here.