When Martin Marietta (MLM) Moves Investors should Listen

March 31, 2022, 01:15 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Martin Marietta (NYSE: MLM) report below is a real world example. Included are trading plans for MLM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for MLM

• Buy MLM slightly over 371.36 target 405.41 stop loss @ 370.29 Details

The technical summary data tells us to buy MLM near 371.36 with an upside target of 405.41. This data also tells us to set a stop loss @ 370.29 to protect against excessive loss in case the stock begins to move against the trade. 371.36 is the first level of support below 390.26 , and by rule, any test of support is a buy signal. In this case, support 371.36 would be being tested, so a buy signal would exist.

• Short MLM under 405.41, target 371.36, stop loss @ 406.58 Details

The technical summary data is suggesting a short of MLM as it gets near 405.41 with a downside target of 371.36. We should have a stop loss in place at 406.58though. 405.41 is the first level of resistance above 390.26, and by rule, any test of resistance is a short signal. In this case, if resistance 405.41 is being tested, so a short signal would exist.

Swing Trading Plans for MLM

• Buy MLM slightly over 400.46, target 405.41, Stop Loss @ 399.3 Details

If 400.46 begins to break higher, the technical summary data tells us to buy MLM just slightly over 400.46, with an upside target of 405.41. The data also tells us to set a stop loss @ 399.3 in case the stock turns against the trade. 400.46 is the first level of resistance above 390.26, and by rule, any break above resistance is a buy signal. In this case, 400.46, 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 MLM near 400.46, target 389.54, Stop Loss @ 401.62. Details

The technical summary data is suggesting a short of MLM if it tests 400.46 with a downside target of 389.54. We should have a stop loss in place at 401.62 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, 400.46, 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 MLM

• Buy MLM slightly over 393.55, target 400.46, Stop Loss @ 392.63 Details

If 393.55 begins to break higher, the technical summary data tells us to buy MLM just slightly over 393.55, with an upside target of 400.46. The data also tells us to set a stop loss @ 392.63 in case the stock turns against the trade. 393.55 is the first level of resistance above 390.26, and by rule, any break above resistance is a buy signal. In this case, 393.55, 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 MLM near 393.55, target 389.54, Stop Loss @ 394.47. Details

The technical summary data is suggesting a short of MLM if it tests 393.55 with a downside target of 389.54. We should have a stop loss in place at 394.47 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, 393.55, 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.

MLM Ratings for March 31:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	371.36
P2	393.55	389.54	405.41
P3	404.30	400.46	437.93

Support and Resistance Plot Chart for MLM

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