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$XBAP | ($XBAP) On The My Stocks Page (XBAP)

By Thomas Kee

$XBAP | ($XBAP) On The My Stocks Page (XBAP)

The technical summary data tells us to buy XBAP near 33.44 with an upside target of 33.92. This data also tells us to set a stop loss @ 33.34 to protect against excessive loss in case the stock begins to move against the trade. 33.44 is the first level of support below 33.8124 , and by rule, any test of support is a buy signal. In this case, support 33.44 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of XBAP as it gets near 33.92 with a downside target of 33.44. We should have a stop loss in place at 34.02though. 33.92 is the first level of resistance above 33.8124, and by rule, any test of resistance is a short signal. In this case, if resistance 33.92 is being tested, a short signal would exist.

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