December 02, 2024, 12:18 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BUR

• Buy BUR near 13.21 target 14.31 stop loss @ 13.17 Details

The technical summary data tells us to buy BUR near 13.21 with an upside target of 14.31. This data also tells us to set a stop loss @ 13.17 to protect against excessive loss in case the stock begins to move against the trade. 13.21 is the first level of support below 13.71 , and by rule, any test of support is a buy signal. In this case, support 13.21 is being tested, a buy signal would exist.

• Short BUR slightly under 14.31, target 13.21, stop loss @ 14.35 Details