When the Price of Gatx Corp GATX Talks, People Listen

August 17, 2022, 13:30 pm ET, BY James G.- 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 Gatx Corp (NASDAQ: GATX) 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 GATX 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 GATX

• Buy GATX slightly over 95.96 target 107.71 stop loss @ 95.68 Details

The technical summary data tells us to buy GATX near 95.96 with an upside target of 107.71. This data also tells us to set a stop loss @ 95.68 to protect against excessive loss in case the stock begins to move against the trade. 95.96 is the first level of support below 102.57 , and by rule, any test of support is a buy signal. In this case, support 95.96 would be being tested, so a buy signal would exist.

• Short GATX under 107.71, target 95.96, stop loss @ 108.02 Details

The technical summary data is suggesting a short of GATX as it gets near 107.71 with a downside target of 95.96. We should have a stop loss in place at 108.02though. 107.71 is the first level of resistance above 102.57, and by rule, any test of resistance is a short signal. In this case, if resistance 107.71 is being tested, so a short signal would exist.

Swing Trading Plans for GATX

• Buy GATX slightly over 103.87, target 107.71, Stop Loss @ 103.57 Details

If 103.87 begins to break higher, the technical summary data tells us to buy GATX just slightly over 103.87, with an upside target of 107.71. The data also tells us to set a stop loss @ 103.57 in case the stock turns against the trade. 103.87 is the first level of resistance above 102.57, and by rule, any break above resistance is a buy signal. In this case, 103.87, 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 GATX near 103.87, target 101.14, Stop Loss @ 104.17. Details

The technical summary data is suggesting a short of GATX if it tests 103.87 with a downside target of 101.14. We should have a stop loss in place at 104.17 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, 103.87, 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 GATX

• Buy GATX slightly over 103.87, target 104.53, Stop Loss @ 103.63 Details

If 103.87 begins to break higher, the technical summary data tells us to buy GATX just slightly over 103.87, with an upside target of 104.53. The data also tells us to set a stop loss @ 103.63 in case the stock turns against the trade. 103.87 is the first level of resistance above 102.57, and by rule, any break above resistance is a buy signal. In this case, 103.87, 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 GATX near 103.87, target 102.27, Stop Loss @ 104.11. Details

The technical summary data is suggesting a short of GATX if it tests 103.87 with a downside target of 102.27. We should have a stop loss in place at 104.11 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, 103.87, 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.

GATX Ratings for August 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	95.96
P2	102.27	101.14	107.71
P3	104.53	103.87	119.98

Support and Resistance Plot Chart for GATX

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