How the price action of Genuine Parts (GPC) is used to our Advantage

July 22, 2021, 06:00 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Genuine Parts (NYSE: GPC) data table below can help you with price action, and we have more details too. Trading plans for GPC 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.

Longer Term Trading Plans for GPC

• Buy GPC slightly over 127.78 target 135.68 stop loss @ 127.41 Details

The technical summary data tells us to buy GPC near 127.78 with an upside target of 135.68. This data also tells us to set a stop loss @ 127.41 to protect against excessive loss in case the stock begins to move against the trade. 127.78 is the first level of support below 129.17 , and by rule, any test of support is a buy signal. In this case, support 127.78 is being tested, a buy signal would exist.

• Short GPC under 135.68, target 127.78, stop loss @ 136.07 Details

The technical summary data is suggesting a short of GPC as it gets near 135.68 with a downside target of 127.78. We should have a stop loss in place at 136.07though. 135.68 is the first level of resistance above 129.17, and by rule, any test of resistance is a short signal. In this case, if resistance 135.68 is being tested, a short signal would exist.

Swing Trading Plans for GPC

• Buy GPC slightly over 129.49, target 135.68, Stop Loss @ 129.12 Details

If 129.49 begins to break higher, the technical summary data tells us to buy GPC just slightly over 129.49, with an upside target of 135.68. The data also tells us to set a stop loss @ 129.12 in case the stock turns against the trade. 129.49 is the first level of resistance above 129.17, and by rule, any break above resistance is a buy signal. In this case, 129.49, 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 GPC near 129.49, target 127.78, Stop Loss @ 129.86. Details

The technical summary data is suggesting a short of GPC if it tests 129.49 with a downside target of 127.78. We should have a stop loss in place at 129.86 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, 129.49, 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 GPC

• Buy GPC slightly over 129.49, target 135.68, Stop Loss @ 129.19 Details

If 129.49 begins to break higher, the technical summary data tells us to buy GPC just slightly over 129.49, with an upside target of 135.68. The data also tells us to set a stop loss @ 129.19 in case the stock turns against the trade. 129.49 is the first level of resistance above 129.17, and by rule, any break above resistance is a buy signal. In this case, 129.49, 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 GPC near 129.49, target 127.78, Stop Loss @ 129.79. Details

The technical summary data is suggesting a short of GPC if it tests 129.49 with a downside target of 127.78. We should have a stop loss in place at 129.79 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, 129.49, 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.

GPC Ratings for July 22:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	119.60
P2	126.49	126.87	127.78
P3	129.49	129.49	135.68

Support and Resistance Plot Chart for GPC

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