How the (AMR) price action is used to our Advantage

March 30, 2024, 17:38 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMR

• Buy AMR slightly over 324.44 target 375.48 stop loss @ 323.5 Details

The technical summary data tells us to buy AMR near 324.44 with an upside target of 375.48. This data also tells us to set a stop loss @ 323.5 to protect against excessive loss in case the stock begins to move against the trade. 324.44 is the first level of support below 331.17 , and by rule, any test of support is a buy signal. In this case, support 324.44 would be being tested, so a buy signal would exist.

• Short AMR slightly under 375.48, target 324.44, stop loss @ 376.56 Details

The technical summary data is suggesting a short of AMR as it gets near 375.48 with a downside target of 324.44. We should have a stop loss in place at 376.56though. 375.48 is the first level of resistance above 331.17, and by rule, any test of resistance is a short signal. In this case, if resistance 375.48 is being tested, so a short signal would exist.

Swing Trading Plans for AMR

• Buy AMR slightly over 333.59, target 375.48, Stop Loss @ 332.63 Details

If 333.59 begins to break higher, the technical summary data tells us to buy AMR just slightly over 333.59, with an upside target of 375.48. The data also tells us to set a stop loss @ 332.63 in case the stock turns against the trade. 333.59 is the first level of resistance above 331.17, and by rule, any break above resistance is a buy signal. In this case, 333.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMR slightly near 333.59, target 324.44, Stop Loss @ 334.55. Details

The technical summary data is suggesting a short of AMR if it tests 333.59 with a downside target of 324.44. We should have a stop loss in place at 334.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 333.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMR

• Buy AMR slightly over 333.59, target 375.48, Stop Loss @ 332.81 Details

If 333.59 begins to break higher, the technical summary data tells us to buy AMR just slightly over 333.59, with an upside target of 375.48. The data also tells us to set a stop loss @ 332.81 in case the stock turns against the trade. 333.59 is the first level of resistance above 331.17, and by rule, any break above resistance is a buy signal. In this case, 333.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMR slightly near 333.59, target 330.31, Stop Loss @ 334.37. Details

The technical summary data is suggesting a short of AMR if it tests 333.59 with a downside target of 330.31. We should have a stop loss in place at 334.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 333.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Alpha Metallurgical Resources Inc. (AMR) available here: AMR.

AMR Ratings for March 30:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	324.44
P2	322.28	318.84	375.48
P3	330.31	333.59	430.4

AI Generated Signals for AMR

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Alpha Metallurgical Resources Inc. (NYSE: AMR) data table below can help you with price action, and we have more details too. Trading plans for AMR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.