Barnes Group $B Technical Update – Stock Traders Daily

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Barnes Group $B Technical Update

The Barnes Group (NYSE: B) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for B, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Strong Neutral
P1 58.53 50.63 47.30
P2 59.56 56.29 57.69
P3 60.51 61.58 67.94

Long Term Trading Plans for B

February 9, 2019, 11:00 am ET

The Technical Summary and Trading Plans for B help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this B Report.

B – (Long) Support Plan

The technical summary data tells us to buy B near 57.69 with an upside target of 67.94. This data also tells us to set a stop loss @ 57.43 to protect against excessive loss in case the stock begins to move against the trade. 57.69 is the first level of support below 58.84 , and by rule, any test of support is a buy signal. In this case, support 57.69 is being tested, a buy signal would exist.

B – (Short) Resistance Plan

The technical summary data is suggesting a short of B as it gets near 67.94 with a downside target of 57.69. We should have a stop loss in place at 68.2 though. 67.94 is the first level of resistance above 58.84, and by rule, any test of resistance is a short signal. In this case, if resistance 67.94 is being tested, a short signal would exist.

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