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$PBJN | How To Trade ($PBJN) (PBJN)

By Thomas Kee

$PBJN | How To Trade ($PBJN) (PBJN)

The technical summary data tells us to buy PBJN near 26.54 with an upside target of 26.84. This data also tells us to set a stop loss @ 26.46 to protect against excessive loss in case the stock begins to move against the trade. 26.54 is the first level of support below 26.7155 , and by rule, any test of support is a buy signal. In this case, support 26.54 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of PBJN as it gets near 26.84 with a downside target of 26.54. We should have a stop loss in place at 26.92though. 26.84 is the first level of resistance above 26.7155, and by rule, any test of resistance is a short signal. In this case, if resistance 26.84 is being tested, so a short signal would exist.

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