Trading Ametek AME With Integrated Risk Controls
September 22, 2022, 21:00 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
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.
Longer Term Trading Plans for AME
- Buy AME 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 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 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 |
⚠Triggers may have already come
Support and Resistance Plot Chart for AME
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AME: