When the Price of Arthur J. Gallagher AJG Talks, People Listen

August 08, 2021, 10:00 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Arthur J. Gallagher (NYSE: AJG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AJG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for AJG

• Buy AJG slightly over 137.82 target 145.35 stop loss @ 137.42 Details

The technical summary data tells us to buy AJG near 137.82 with an upside target of 145.35. This data also tells us to set a stop loss @ 137.42 to protect against excessive loss in case the stock begins to move against the trade. 137.82 is the first level of support below 139.06 , and by rule, any test of support is a buy signal. In this case, support 137.82 would be being tested, so a buy signal would exist.

• Short AJG under 145.35, target 137.82, stop loss @ 145.77 Details

The technical summary data is suggesting a short of AJG as it gets near 145.35 with a downside target of 137.82. We should have a stop loss in place at 145.77though. 145.35 is the first level of resistance above 139.06, and by rule, any test of resistance is a short signal. In this case, if resistance 145.35 is being tested, so a short signal would exist.

Swing Trading Plans for AJG

• Buy AJG slightly over 145.35, target 153.17, Stop Loss @ 144.93 Details

If 145.35 begins to break higher, the technical summary data tells us to buy AJG just slightly over 145.35, with an upside target of 153.17. The data also tells us to set a stop loss @ 144.93 in case the stock turns against the trade. 145.35 is the first level of resistance above 139.06, and by rule, any break above resistance is a buy signal. In this case, 145.35, 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 AJG near 145.35, target 138.86, Stop Loss @ 145.77. Details

The technical summary data is suggesting a short of AJG if it tests 145.35 with a downside target of 138.86. We should have a stop loss in place at 145.77 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, 145.35, 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 AJG

• Buy AJG slightly over 145.35, target 153.17, Stop Loss @ 145.01 Details

If 145.35 begins to break higher, the technical summary data tells us to buy AJG just slightly over 145.35, with an upside target of 153.17. The data also tells us to set a stop loss @ 145.01 in case the stock turns against the trade. 145.35 is the first level of resistance above 139.06, and by rule, any break above resistance is a buy signal. In this case, 145.35, 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 AJG near 145.35, target 138.86, Stop Loss @ 145.69. Details

The technical summary data is suggesting a short of AJG if it tests 145.35 with a downside target of 138.86. We should have a stop loss in place at 145.69 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, 145.35, 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.

AJG Ratings for August 08:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	137.82
P2	136.80	136.37	145.35
P3	138.26	138.86	153.17

Support and Resistance Plot Chart for AJG

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