Baxter International Inc. Stock Code BAX.NYS
Outlook
Price managed to break and close above the cloud in the previous trading session, changing the chart outlook from bearish to bullish. Price also broke above the Ichimoku V-shaped structure which has a price projection target at $85.60. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD has a bullish crossover and is hinting at a bullish price trend. We foresee price moving above the resistance at $84.06 to the Ichimoku price projection target at $85.60.
Strategy
$80.70 Buy
$85.35 Price Target
$78.20 Risk Management Stop
3 weeks Trade Duration
