When the Price of (AIT) Talks, People Listen

January 04, 2024, 21:00 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AIT

• Buy AIT slightly over 165.39 target 175.34 stop loss @ 164.91 Details

The technical summary data tells us to buy AIT near 165.39 with an upside target of 175.34. This data also tells us to set a stop loss @ 164.91 to protect against excessive loss in case the stock begins to move against the trade. 165.39 is the first level of support below 166.6 , and by rule, any test of support is a buy signal. In this case, support 165.39 is being tested, a buy signal would exist.

• Short AIT slightly under 175.34, target 165.39, stop loss @ 175.85 Details

The technical summary data is suggesting a short of AIT as it gets near 175.34 with a downside target of 165.39. We should have a stop loss in place at 175.85though. 175.34 is the first level of resistance above 166.6, and by rule, any test of resistance is a short signal. In this case, if resistance 175.34 is being tested, a short signal would exist.

Swing Trading Plans for AIT

• Buy AIT slightly over 167.11, target 171.54, Stop Loss @ 166.63 Details

If 167.11 begins to break higher, the technical summary data tells us to buy AIT just slightly over 167.11, with an upside target of 171.54. The data also tells us to set a stop loss @ 166.63 in case the stock turns against the trade. 167.11 is the first level of resistance above 166.6, and by rule, any break above resistance is a buy signal. In this case, 167.11, 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 slightly near 167.11, target 165.39, Stop Loss @ 167.59. Details

The technical summary data is suggesting a short of AIT if it tests 167.11 with a downside target of 165.39. We should have a stop loss in place at 167.59 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, 167.11, 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 166.66, target 167.11, Stop Loss @ 166.27 Details

If 166.66 begins to break higher, the technical summary data tells us to buy AIT just slightly over 166.66, with an upside target of 167.11. The data also tells us to set a stop loss @ 166.27 in case the stock turns against the trade. 166.66 is the first level of resistance above 166.6, and by rule, any break above resistance is a buy signal. In this case, 166.66, 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 slightly near 166.66, target 165.39, Stop Loss @ 167.05. Details

The technical summary data is suggesting a short of AIT if it tests 166.66 with a downside target of 165.39. We should have a stop loss in place at 167.05 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, 166.66, 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 Applied Industrial Technologies Inc. (AIT) available here: AIT.

AIT Ratings for January 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	155.26
P2	164.99	167.11	165.39
P3	166.66	171.54	175.34

AI Generated Signals for AIT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Applied Industrial Technologies Inc. (NYSE: AIT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AIT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.