pool adsABM Industries $ABM is Weak Midterm and Longterm, Shown in Charts and Graphs
ABM Industries (NYSE: ABM) is Weak Midterm and Longterm, as Shown in the Charts and Graphs below.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Weak | Weak |
| P1 | 28.19 | 26.81 | 26.44 |
| P2 | 28.74 | 28.48 | 30.06 |
| P3 | 29.21 | 30.09 | 33.79 |
Support and Resistance Plot Chart for ABM
Long Term Trading Plans for ABM
June 5, 2018, 12:56 pm ET
The technical Summary and associated Trading Plans for ABM listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for ABM. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
ABM - (Long) Support Plan
Buy over 26.44 target 30.06 stop loss @ 26.18.
The technical summary data tells us to buy ABM near 26.44 with an upside target of 30.06. This data also tells us to set a stop loss @ 26.18 to protect against excessive loss in case the stock begins to move against the trade. 26.44 is the first level of support below 28.63 , and by rule, any test of support is a buy signal. In this case, support 26.44 would be being tested, so a buy signal would exist.
ABM - (Short) Resistance Plan
Short under 30.06 target 26.44 stop loss @ 30.32.
The technical summary data is suggesting a short of ABM as it gets near 30.06 with a downside target of 26.44. We should have a stop loss in place at 30.32 though. 30.06 is the first level of resistance above 28.63, and by rule, any test of resistance is a short signal. In this case, if resistance 30.06 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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