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$BRKR | ($BRKR) Trading Signals (BRKR)

By Thomas Kee

$BRKR | ($BRKR) Trading Signals (BRKR)

The technical summary data tells us to buy BRKR near 50.48 with an upside target of 61.48. This data also tells us to set a stop loss @ 50.33 to protect against excessive loss in case the stock begins to move against the trade. 50.48 is the first level of support below 56.22 , and by rule, any test of support is a buy signal. In this case, support 50.48 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of BRKR as it gets near 61.48 with a downside target of 50.48. We should have a stop loss in place at 61.66though. 61.48 is the first level of resistance above 56.22, and by rule, any test of resistance is a short signal. In this case, if resistance 61.48 is being tested, so a short signal would exist.

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