When Group 1 Automotive (GPI) Moves Investors should Listen

Source: Stock Traders Daily

Longer Term Trading Plans for GPI
  • Buy GPI over 161.16 target 178.10 stop loss @ 160.69 Details
  • The technical summary data tells us to buy GPI near 161.16 with an upside target of 178.10. This data also tells us to set a stop loss @ 160.69 to protect against excessive loss in case the stock begins to move against the trade. 161.16 is the first level of support below 175.5 , and by rule, any test of support is a buy signal. In this case, support 161.16 would be being tested, so a buy signal would exist.

  • Short GPI under 178.10, target 161.16, stop loss @ 178.61 Details
  • The technical summary data is suggesting a short of GPI as it gets near 178.10 with a downside target of 161.16. We should have a stop loss in place at 178.61though. 178.10 is the first level of resistance above 175.5, and by rule, any test of resistance is a short signal. In this case, if resistance 178.10 is being tested, so a short signal would exist.

Swing Trading Plans for GPI
  • Buy GPI over 178.10, target 180.89, Stop Loss @ 177.59 Details
  • If 178.10 begins to break higher, the technical summary data tells us to buy GPI just over 178.10, with an upside target of 180.89. The data also tells us to set a stop loss @ 177.59 in case the stock turns against the trade. 178.10 is the first level of resistance above 175.5, and by rule, any break above resistance is a buy signal. In this case, 178.10, 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 GPI near 178.10, target 166.46, Stop Loss @ 178.61. Details
  • The technical summary data is suggesting a short of GPI if it tests 178.10 with a downside target of 166.46. We should have a stop loss in place at 178.61 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, 178.10, 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 GPI
  • Buy GPI over 178.10, target 180.89, Stop Loss @ 177.68 Details
  • If 178.10 begins to break higher, the technical summary data tells us to buy GPI just over 178.10, with an upside target of 180.89. The data also tells us to set a stop loss @ 177.68 in case the stock turns against the trade. 178.10 is the first level of resistance above 175.5, and by rule, any break above resistance is a buy signal. In this case, 178.10, 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 GPI near 178.10, target 168.63, Stop Loss @ 178.52. Details
  • The technical summary data is suggesting a short of GPI if it tests 178.10 with a downside target of 168.63. We should have a stop loss in place at 178.52 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, 178.10, 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.

GPI Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Neutral Strong Strong
P1 0 0 161.16
P2 168.63 166.46 178.10
P3 178.03 180.89 196.48

GPI Long Term Analysis for July 22 2021


GPI Swing Trading Analysis for July 22 2021


GPI Day Trading Analysis for July 22 2021

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Group 1 Automotive (NYSE: GPI) report below is a real world example. Included are trading plans for GPI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

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