Trading Applied Industrial AIT With Integrated Risk Controls

July 03, 2022, 13:15 pm ET, BY Jesse F.- 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 Applied Industrial (NYSE: AIT) report below can help you, but we have more details too. The trading plans for AIT, 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 AIT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short AIT under 97.36, target n/a, stop loss @ 97.64 Details

The technical summary data is suggesting a short of AIT as it gets near 97.36, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 97.64. 97.36 is the first level of resistance above 95.77, and by rule, any test of resistance is a short signal. In this case, if resistance 97.36 is being tested, so a short signal would exist.

Swing Trading Plans for AIT

• Buy AIT slightly over 95.94, target 97.36, Stop Loss @ 95.66 Details

If 95.94 begins to break higher, the technical summary data tells us to buy AIT just slightly over 95.94, with an upside target of 97.36. The data also tells us to set a stop loss @ 95.66 in case the stock turns against the trade. 95.94 is the first level of resistance above 95.77, and by rule, any break above resistance is a buy signal. In this case, 95.94, 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 AIT near 95.94, target 87.27, Stop Loss @ 96.22. Details

The technical summary data is suggesting a short of AIT if it tests 95.94 with a downside target of 87.27. We should have a stop loss in place at 96.22 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, 95.94, 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 AIT

• Buy AIT slightly over 95.94, target 97.36, Stop Loss @ 95.72 Details

If 95.94 begins to break higher, the technical summary data tells us to buy AIT just slightly over 95.94, with an upside target of 97.36. The data also tells us to set a stop loss @ 95.72 in case the stock turns against the trade. 95.94 is the first level of resistance above 95.77, and by rule, any break above resistance is a buy signal. In this case, 95.94, 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 AIT near 95.94, target 93.80, Stop Loss @ 96.16. Details

The technical summary data is suggesting a short of AIT if it tests 95.94 with a downside target of 93.80. We should have a stop loss in place at 96.16 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, 95.94, 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.

AIT Ratings for July 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	97.36
P2	93.80	87.27	104.60
P3	97.71	95.94	112.01

Support and Resistance Plot Chart for AIT

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