Brooks Automation BRKS Investment Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for BRKS
  • Buy BRKS over 101.17 target 115.91 stop loss @ 100.88 Details
  • The technical summary data tells us to buy BRKS near 101.17 with an upside target of 115.91. This data also tells us to set a stop loss @ 100.88 to protect against excessive loss in case the stock begins to move against the trade. 101.17 is the first level of support below 102.67 , and by rule, any test of support is a buy signal. In this case, support 101.17 is being tested, a buy signal would exist.

  • Short BRKS under 115.91, target 101.17, stop loss @ 116.24 Details
  • The technical summary data is suggesting a short of BRKS as it gets near 115.91 with a downside target of 101.17. We should have a stop loss in place at 116.24though. 115.91 is the first level of resistance above 102.67, and by rule, any test of resistance is a short signal. In this case, if resistance 115.91 is being tested, a short signal would exist.

Swing Trading Plans for BRKS
  • Buy BRKS over 103.29, target 115.91, Stop Loss @ 102.99 Details
  • If 103.29 begins to break higher, the technical summary data tells us to buy BRKS just over 103.29, with an upside target of 115.91. The data also tells us to set a stop loss @ 102.99 in case the stock turns against the trade. 103.29 is the first level of resistance above 102.67, and by rule, any break above resistance is a buy signal. In this case, 103.29, 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 BRKS near 103.29, target 101.17, Stop Loss @ 103.59. Details
  • The technical summary data is suggesting a short of BRKS if it tests 103.29 with a downside target of 101.17. We should have a stop loss in place at 103.59 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, 103.29, 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 BRKS
  • Buy BRKS over 103.29, target 103.89, Stop Loss @ 103.05 Details
  • If 103.29 begins to break higher, the technical summary data tells us to buy BRKS just over 103.29, with an upside target of 103.89. The data also tells us to set a stop loss @ 103.05 in case the stock turns against the trade. 103.29 is the first level of resistance above 102.67, and by rule, any break above resistance is a buy signal. In this case, 103.29, 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 BRKS near 103.29, target 101.17, Stop Loss @ 103.53. Details
  • The technical summary data is suggesting a short of BRKS if it tests 103.29 with a downside target of 101.17. We should have a stop loss in place at 103.53 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, 103.29, 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.

BRKS Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Strong Strong
P1 0 0 88.37
P2 100.96 98.83 101.17
P3 103.89 103.29 115.91

With an objective approach to Brooks Automation (NASDAQ: BRKS), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BRKS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BRKS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BRKS too.  All of these are offered below the Summary Table.

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Fundamental Charts for BRKS

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