Trading (AAP) With Integrated Risk Controls
December 11, 2024, 14:24 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AAP
- Buy AAP near 42.2 target 54.07 stop loss @ 42.08 Details
The technical summary data tells us to buy AAP near 42.2 with an upside target of 54.07. This data also tells us to set a stop loss @ 42.08 to protect against excessive loss in case the stock begins to move against the trade. 42.2 is the first level of support below 45.45 , and by rule, any test of support is a buy signal. In this case, support 42.2 is being tested, a buy signal would exist.
- Short AAP slightly under 54.07, target 42.2, stop loss @ 54.23 Details
The technical summary data is suggesting a short of AAP as it gets near 54.07 with a downside target of 42.2. We should have a stop loss in place at 54.23though. 54.07 is the first level of resistance above 45.45, and by rule, any test of resistance is a short signal. In this case, if resistance 54.07 is being tested, a short signal would exist.
Swing Trading Plans for AAP
- Buy AAP slightly over 48.33, target 54.07, Stop Loss @ 48.19 Details
If 48.33 begins to break higher, the technical summary data tells us to buy AAP just slightly over 48.33, with an upside target of 54.07. The data also tells us to set a stop loss @ 48.19 in case the stock turns against the trade. 48.33 is the first level of resistance above 45.45, and by rule, any break above resistance is a buy signal. In this case, 48.33, 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 AAP slightly near 48.33, target 45.22, Stop Loss @ 48.47. Details
The technical summary data is suggesting a short of AAP if it tests 48.33 with a downside target of 45.22. We should have a stop loss in place at 48.47 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, 48.33, 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.
Day Trading Plans for AAP
- Buy AAP slightly over 46.9, target 48.33, Stop Loss @ 46.79 Details
If 46.9 begins to break higher, the technical summary data tells us to buy AAP just slightly over 46.9, with an upside target of 48.33. The data also tells us to set a stop loss @ 46.79 in case the stock turns against the trade. 46.9 is the first level of resistance above 45.45, and by rule, any break above resistance is a buy signal. In this case, 46.9, 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 AAP slightly near 46.9, target 45.22, Stop Loss @ 47.01. Details
The technical summary data is suggesting a short of AAP if it tests 46.9 with a downside target of 45.22. We should have a stop loss in place at 47.01 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, 46.9, 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 Advance Auto Parts Inc. (AAP) available here: AAP.
AAP Ratings for December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
31.43 |
| P2 |
46.9 |
45.22 |
42.2 |
| P3 |
48.99 |
48.33 |
54.07 |
AI Generated Signals for AAP
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Advance Auto Parts Inc. (NYSE: AAP) report below can help you, but we have more details too. The trading plans for AAP, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for AAP:
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