Longer Term Trading Plans for BAND
- Buy BAND near 12.25 target 14.88 stop loss @ 12.21
- Short BAND slightly under 14.88, target 12.25, stop loss @ 14.92
April 30, 2025, 04:52 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy BAND near 12.25 with an upside target of 14.88. This data also tells us to set a stop loss @ 12.21 to protect against excessive loss in case the stock begins to move against the trade. 12.25 is the first level of support below 12.89 , and by rule, any test of support is a buy signal. In this case, support 12.25 would be being tested, so a buy signal would exist.
The…