How to Take Advantage of moves in (ALX)

June 29, 2024, 16:46 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALX

• Buy ALX slightly over 222.76 target 237.29 stop loss @ 222.12 Details

The technical summary data tells us to buy ALX near 222.76 with an upside target of 237.29. This data also tells us to set a stop loss @ 222.12 to protect against excessive loss in case the stock begins to move against the trade. 222.76 is the first level of support below 224.86 , and by rule, any test of support is a buy signal. In this case, support 222.76 is being tested, a buy signal would exist.

• Short ALX slightly under 237.29, target 222.76, stop loss @ 237.98 Details

The technical summary data is suggesting a short of ALX as it gets near 237.29 with a downside target of 222.76. We should have a stop loss in place at 237.98though. 237.29 is the first level of resistance above 224.86, and by rule, any test of resistance is a short signal. In this case, if resistance 237.29 is being tested, a short signal would exist.

Swing Trading Plans for ALX

• Buy ALX slightly over 237.29, target n/a, Stop Loss @ 236.6 Details

If 237.29 begins to break higher, the technical summary data tells us to buy ALX just slightly over 237.29, with an upside target of n/a. The data also tells us to set a stop loss @ 236.6 in case the stock turns against the trade. 237.29 is the first level of resistance above 224.86, and by rule, any break above resistance is a buy signal. In this case, 237.29, 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 ALX slightly near 237.29, target 224.53, Stop Loss @ 237.98. Details

The technical summary data is suggesting a short of ALX if it tests 237.29 with a downside target of 224.53. We should have a stop loss in place at 237.98 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, 237.29, 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 ALX

• Buy ALX slightly over 225.33, target 237.29, Stop Loss @ 224.8 Details

If 225.33 begins to break higher, the technical summary data tells us to buy ALX just slightly over 225.33, with an upside target of 237.29. The data also tells us to set a stop loss @ 224.8 in case the stock turns against the trade. 225.33 is the first level of resistance above 224.86, and by rule, any break above resistance is a buy signal. In this case, 225.33, 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 ALX slightly near 225.33, target 224.53, Stop Loss @ 225.86. Details

The technical summary data is suggesting a short of ALX if it tests 225.33 with a downside target of 224.53. We should have a stop loss in place at 225.86 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, 225.33, 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 Alexander's Inc. (ALX) available here: ALX.

ALX Ratings for June 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	208.36
P2	222.12	218.93	222.76
P3	225.33	224.53	237.29

AI Generated Signals for ALX

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This Alexander's Inc. (NYSE: ALX) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ALX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ALX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ALX too.  All of these are offered below the Summary Table.