When Ametek ($AME) Moves Investors should Listen
April 23, 2023, 02:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AME
- Buy AME slightly over 135.08 target 147.62 stop loss @ 134.69 Details
The technical summary data tells us to buy AME near 135.08 with an upside target of 147.62. This data also tells us to set a stop loss @ 134.69 to protect against excessive loss in case the stock begins to move against the trade. 135.08 is the first level of support below 137.58 , and by rule, any test of support is a buy signal. In this case, support 135.08 is being tested, a buy signal would exist.
- Short AME slightly under 147.62, target 135.08, stop loss @ 148.05 Details
The technical summary data is suggesting a short of AME as it gets near 147.62 with a downside target of 135.08. We should have a stop loss in place at 148.05though. 147.62 is the first level of resistance above 137.58, and by rule, any test of resistance is a short signal. In this case, if resistance 147.62 is being tested, a short signal would exist.
Swing Trading Plans for AME
- Buy AME slightly over 139.90, target 147.62, Stop Loss @ 139.5 Details
If 139.90 begins to break higher, the technical summary data tells us to buy AME just slightly over 139.90, with an upside target of 147.62. The data also tells us to set a stop loss @ 139.5 in case the stock turns against the trade. 139.90 is the first level of resistance above 137.58, and by rule, any break above resistance is a buy signal. In this case, 139.90, 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 AME slightly near 139.90, target 135.72, Stop Loss @ 140.3. Details
The technical summary data is suggesting a short of AME if it tests 139.90 with a downside target of 135.72. We should have a stop loss in place at 140.3 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, 139.90, 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 AME
- Buy AME slightly over 138.27, target 139.90, Stop Loss @ 137.95 Details
If 138.27 begins to break higher, the technical summary data tells us to buy AME just slightly over 138.27, with an upside target of 139.90. The data also tells us to set a stop loss @ 137.95 in case the stock turns against the trade. 138.27 is the first level of resistance above 137.58, and by rule, any break above resistance is a buy signal. In this case, 138.27, 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 AME slightly near 138.27, target 137.02, Stop Loss @ 138.59. Details
The technical summary data is suggesting a short of AME if it tests 138.27 with a downside target of 137.02. We should have a stop loss in place at 138.59 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, 138.27, 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 Ametek (AME) available here: AME.
AME Ratings for April 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
122.26 |
| P2 |
137.02 |
135.72 |
135.08 |
| P3 |
138.27 |
139.90 |
147.62 |
AI Generated Signals for AME
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Ametek (NYSE: AME) report below is a real world example. Included are trading plans for AME, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AME:
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