pool adsAutonation $AN Technical Update
The Autonation (NYSE: AN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Neutral |
| P1 | 38.01 | 37.75 | 37.54 |
| P2 | 38.89 | 40.55 | 42.97 |
| P3 | 40.16 | 42.96 | 48.44 |
Support and Resistance Plot Chart for AN
Long Term Trading Plans for AN
October 15, 2018, 8:30 am ET
The Technical Summary and Trading Plans for AN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AN Report.
AN - (Long) Support Plan
Buy over 37.54 target 42.97 stop loss @ 37.28.
The technical summary data tells us to buy AN near 37.54 with an upside target of 42.97. This data also tells us to set a stop loss @ 37.28 to protect against excessive loss in case the stock begins to move against the trade. 37.54 is the first level of support below 38.06 , and by rule, any test of support is a buy signal. In this case, support 37.54 would be being tested, so a buy signal would exist.
AN - (Short) Resistance Plan
Short under 42.97 target 37.54 stop loss @ 43.23.
The technical summary data is suggesting a short of AN as it gets near 42.97 with a downside target of 37.54. We should have a stop loss in place at 43.23 though. 42.97 is the first level of resistance above 38.06, and by rule, any test of resistance is a short signal. In this case, if resistance 42.97 is being tested, so a short signal would exist.
