How to trade (EAT)

August 9, 2024, 3:36 AM ET, BY Momei – Staff Writer, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow us on LinkedIn)

Longer-term trading plans for EAT

• Buy EAT just above 59.14, target 66.92, stop loss at 58.97 Details

The technical summary data tells us to buy EAT at 59.14 with an upside target of 66.92. This data also tells us to set a stop loss at 58.97 to protect ourselves from excessive losses in case the stock starts moving against the trade. 59.14 is the first support level below 65.83, and any test of support is usually a buy signal. In this case, support at 59.14 would be tested, so a buy signal would be present.

• Short EAT just below 66.92, target 59.14, stop loss at 67.11 Details

The technical summary data suggests a short of EAT as it approaches 66.92, with a downside target of 59.14. However, we should place a stop loss at 67.11. 66.92 is the first resistance level above 65.83, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 66.92 resistance is tested.

Swing Trading Plans for EAT

• Buy EAT just above 66.92, target 74.71, stop loss at 66.73 Details

If 66.92 starts to rise, the technical summary data tells us to buy EAT just above 66.92, with an upside target of 74.71. The data also tells us to set a stop loss at 66.73 in case the stock turns against the trade. 66.92 is the first resistance level above 65.83, and any break above resistance is usually a buy signal. In this case, 66.92, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short EAT just near 66.92, target 65.31, stop loss at 67.11. Details

The technical summary data suggests a short of EAT if 66.92 is tested with a downside target of 65.31. However, we should place a stop loss at 67.11 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 66.92 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for EAT

• Buy EAT just above 66.25, target 66.92, stop loss at 66.1 Details

If 66.25 starts to rise, the technical summary data tells us to buy EAT just above 66.25, with an upside target of 66.92. The data also tells us to set a stop loss at 66.1 in case the stock turns against the trade. 66.25 is the first resistance level above 65.83, and any break above resistance is usually a buy signal. In this case, 66.25, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short EAT just near 66.25, target 65.31, stop loss at 66.4. Details

The technical summary data suggests a short of EAT if 66.25 is tested with a downside target of 65.31. However, we should set a stop loss at 66.4 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 66.25 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Brinker International Inc. (EAT) available here: EAT.

EAT ratings for August 09:

AI-generated signals for EAT

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This report provides trading strategies for Brinker International Inc. (NYSE: EAT) including risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for EAT change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when EAT tests support, buy signals emerge and resistance is the target. Conversely, when resistance is tested, it is a sign to control risk or sell and support would be the downside target accordingly. In any 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 to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also distinguish trading plans for day trading, swing trading and long-term investment plans for EAT. All of these are offered below the summary table.