May 10, 2025, 18:44 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BITS
- Buy BITS near 52.5 target 64.67 stop loss @ 52.35 Details
The technical summary data tells us to buy BITS near 52.5 with an upside target of 64.67. This data also tells us to set a stop loss @ 52.35 to protect against excessive loss in case the stock begins to move against the trade. 52.5 is the first level of support below 62.6119 , and by rule, any test of support is a buy signal. In this case, support 52.5 would be being tested, so a buy signal would exist.
- Short BITS slightly under 64.67, target 52.5, stop loss @ 64.86 Details
The technical…
May 12 2025
