Trading (AME) With Integrated Risk Controls

December 22, 2024, 04:34 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AME

• Buy AME near 178.79 target 191.51 stop loss @ 178.27 Details

The technical summary data tells us to buy AME near 178.79 with an upside target of 191.51. This data also tells us to set a stop loss @ 178.27 to protect against excessive loss in case the stock begins to move against the trade. 178.79 is the first level of support below 183.36 , and by rule, any test of support is a buy signal. In this case, support 178.79 is being tested, a buy signal would exist.

• Short AME slightly under 191.51, target 178.79, stop loss @ 192.06 Details

The technical summary data is suggesting a short of AME as it gets near 191.51 with a downside target of 178.79. We should have a stop loss in place at 192.06though. 191.51 is the first level of resistance above 183.36, and by rule, any test of resistance is a short signal. In this case, if resistance 191.51 is being tested, a short signal would exist.

Swing Trading Plans for AME

• Buy AME slightly over 185.22, target 191.51, Stop Loss @ 184.69 Details

If 185.22 begins to break higher, the technical summary data tells us to buy AME just slightly over 185.22, with an upside target of 191.51. The data also tells us to set a stop loss @ 184.69 in case the stock turns against the trade. 185.22 is the first level of resistance above 183.36, and by rule, any break above resistance is a buy signal. In this case, 185.22, 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 185.22, target 181.36, Stop Loss @ 185.75. Details

The technical summary data is suggesting a short of AME if it tests 185.22 with a downside target of 181.36. We should have a stop loss in place at 185.75 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, 185.22, 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 185.22, target 191.51, Stop Loss @ 184.79 Details

If 185.22 begins to break higher, the technical summary data tells us to buy AME just slightly over 185.22, with an upside target of 191.51. The data also tells us to set a stop loss @ 184.79 in case the stock turns against the trade. 185.22 is the first level of resistance above 183.36, and by rule, any break above resistance is a buy signal. In this case, 185.22, 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 185.22, target 182.59, Stop Loss @ 185.65. Details

The technical summary data is suggesting a short of AME if it tests 185.22 with a downside target of 182.59. We should have a stop loss in place at 185.65 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, 185.22, 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 Ametek Inc. (AME) available here: AME.

AME Ratings for December 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	165.11
P2	179.6	181.36	178.79
P3	182.59	185.22	191.51

AI Generated Signals for AME

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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 Ametek Inc. (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.