Trading Ametek AME With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for AME
  • Buy AME slightly slightly over 107.57 target 118.29 stop loss @ 107.26 Details
  • The technical summary data tells us to buy AME near 107.57 with an upside target of 118.29. This data also tells us to set a stop loss @ 107.26 to protect against excessive loss in case the stock begins to move against the trade. 107.57 is the first level of support below 115.51 , and by rule, any test of support is a buy signal. In this case, support 107.57 would be being tested, so a buy signal would exist.

  • Short AME slightly under 118.29, target 107.57, stop loss @ 118.63 Details
  • The technical summary data is suggesting a short of AME as it gets near 118.29 with a downside target of 107.57. We should have a stop loss in place at 118.63though. 118.29 is the first level of resistance above 115.51, and by rule, any test of resistance is a short signal. In this case, if resistance 118.29 is being tested, so a short signal would exist.

Swing Trading Plans for AME
  • Buy AME slightly slightly over 118.29, target 120.22, Stop Loss @ 117.95 Details
  • If 118.29 begins to break higher, the technical summary data tells us to buy AME just slightly over 118.29, with an upside target of 120.22. The data also tells us to set a stop loss @ 117.95 in case the stock turns against the trade. 118.29 is the first level of resistance above 115.51, and by rule, any break above resistance is a buy signal. In this case, 118.29, 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 AME slightly near 118.29, target 115.31, Stop Loss @ 118.63. Details
  • The technical summary data is suggesting a short of AME if it tests 118.29 with a downside target of 115.31. We should have a stop loss in place at 118.63 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, 118.29, 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 AME
  • Buy AME slightly slightly over 118.29, target 120.22, Stop Loss @ 118.01 Details
  • If 118.29 begins to break higher, the technical summary data tells us to buy AME just slightly over 118.29, with an upside target of 120.22. The data also tells us to set a stop loss @ 118.01 in case the stock turns against the trade. 118.29 is the first level of resistance above 115.51, and by rule, any break above resistance is a buy signal. In this case, 118.29, 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 AME slightly near 118.29, target 115.48, Stop Loss @ 118.57. Details
  • The technical summary data is suggesting a short of AME if it tests 118.29 with a downside target of 115.48. We should have a stop loss in place at 118.57 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, 118.29, 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.

AME Ratings for September 22:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 107.57
P2 115.48 115.31 118.29
P3 118.20 120.22 128.76

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AME Long Term Analysis for September 22 2022


AME Swing Trading Analysis for September 22 2022


AME Day Trading Analysis for September 22 2022

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 Ametek (NYSE: AME) report below can help you, but we have more details too. The trading plans for AME, 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.