How the (AJG) price action is used to our Advantage
March 09, 2024, 07:58 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AJG
- Buy AJG slightly over 246.04 target 259.22 stop loss @ 245.33 Details
The technical summary data tells us to buy AJG near 246.04 with an upside target of 259.22. This data also tells us to set a stop loss @ 245.33 to protect against excessive loss in case the stock begins to move against the trade. 246.04 is the first level of support below 251.69 , and by rule, any test of support is a buy signal. In this case, support 246.04 is being tested, a buy signal would exist.
- Short AJG slightly under 259.22, target 246.04, stop loss @ 259.97 Details
The technical summary data is suggesting a short of AJG as it gets near 259.22 with a downside target of 246.04. We should have a stop loss in place at 259.97though. 259.22 is the first level of resistance above 251.69, and by rule, any test of resistance is a short signal. In this case, if resistance 259.22 is being tested, a short signal would exist.
Swing Trading Plans for AJG
- Buy AJG slightly over 259.22, target n/a, Stop Loss @ 258.47 Details
If 259.22 begins to break higher, the technical summary data tells us to buy AJG just slightly over 259.22, with an upside target of n/a. The data also tells us to set a stop loss @ 258.47 in case the stock turns against the trade. 259.22 is the first level of resistance above 251.69, and by rule, any break above resistance is a buy signal. In this case, 259.22, 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 slightly near 259.22, target 249.14, Stop Loss @ 259.97. Details
The technical summary data is suggesting a short of AJG if it tests 259.22 with a downside target of 249.14. We should have a stop loss in place at 259.97 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, 259.22, 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 259.22, target n/a, Stop Loss @ 258.62 Details
If 259.22 begins to break higher, the technical summary data tells us to buy AJG just slightly over 259.22, with an upside target of n/a. The data also tells us to set a stop loss @ 258.62 in case the stock turns against the trade. 259.22 is the first level of resistance above 251.69, and by rule, any break above resistance is a buy signal. In this case, 259.22, 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 slightly near 259.22, target 250.94, Stop Loss @ 259.82. Details
The technical summary data is suggesting a short of AJG if it tests 259.22 with a downside target of 250.94. We should have a stop loss in place at 259.82 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, 259.22, 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 Arthur J. Gallagher & Co. (AJG) available here: AJG.
AJG Ratings for March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
233.01 |
| P2 |
248.34 |
244.73 |
246.04 |
| P3 |
250.94 |
249.14 |
259.22 |
AI Generated Signals for AJG
Blue = Current Price
Red= Resistance
Green = Support
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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 Arthur J. Gallagher & Co. (NYSE: AJG) data table below can help you with price action, and we have more details too. Trading plans for AJG 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.
Fundamental Charts for AJG:
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