Technical Analysis

Longer Term Trading Plans for BLTE

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short BLTE slightly under 153.92, target n/a, stop loss @ 154.36 Details

The technical summary data is suggesting a short of BLTE as it gets near 153.92, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 154.36. 153.92 is the first level of resistance above 138.16, and by rule, any test of resistance is a short signal. In this case, if resistance 153.92 is being tested, so a short signal would exist.

Swing Trading Plans for BLTE

• Buy BLTE slightly over 141.82, target 153.92, Stop Loss @ 141.41 Details

If 141.82 begins to break higher, the technical summary data tells us to buy BLTE just over 141.82, with an upside target of 153.92. The data also tells us to set a stop loss @ 141.41 in case the stock turns against the trade. 141.82 is the first level of resistance above 138.16, and by rule, any break above resistance is a buy signal. In this case, 141.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BLTE slightly near 141.82, target 133.95, Stop Loss @ 142.23. Details

The technical summary data is suggesting a short of BLTE if it tests 141.82 with a downside target of 133.95. We should have a stop loss in place at 142.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 141.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BLTE

• Buy BLTE slightly over 138.66, target 141.82, Stop Loss @ 138.34 Details

If 138.66 begins to break higher, the technical summary data tells us to buy BLTE just over 138.66, with an upside target of 141.82. The data also tells us to set a stop loss @ 138.34 in case the stock turns against the trade. 138.66 is the first level of resistance above 138.16, and by rule, any break above resistance is a buy signal. In this case, 138.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BLTE slightly near 138.66, target 135.45, Stop Loss @ 138.98. Details

The technical summary data is suggesting a short of BLTE if it tests 138.66 with a downside target of 135.45. We should have a stop loss in place at 138.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 138.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BLTE Technical Summary | Raw Data for the Trading Plans