How the price action of Arthur J. Gallagher (AJG) is used to our Advantage
July 03, 2022, 13:45 pm ET, BY Scott B.- 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 Arthur J. Gallagher (NYSE: AJG) data table below can help you with price action, and we have more details too. Trading plans for AJG 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 AJG
- Buy AJG slightly over 157.99 target 170.10 stop loss @ 157.53 Details
The technical summary data tells us to buy AJG near 157.99 with an upside target of 170.10. This data also tells us to set a stop loss @ 157.53 to protect against excessive loss in case the stock begins to move against the trade. 157.99 is the first level of support below 164.63 , and by rule, any test of support is a buy signal. In this case, support 157.99 would be being tested, so a buy signal would exist.
- Short AJG under 170.10, target 157.99, stop loss @ 170.59 Details
The technical summary data is suggesting a short of AJG as it gets near 170.10 with a downside target of 157.99. We should have a stop loss in place at 170.59though. 170.10 is the first level of resistance above 164.63, and by rule, any test of resistance is a short signal. In this case, if resistance 170.10 is being tested, so a short signal would exist.
Swing Trading Plans for AJG
- Buy AJG slightly over 169.69, target 170.10, Stop Loss @ 169.2 Details
If 169.69 begins to break higher, the technical summary data tells us to buy AJG just slightly over 169.69, with an upside target of 170.10. The data also tells us to set a stop loss @ 169.2 in case the stock turns against the trade. 169.69 is the first level of resistance above 164.63, and by rule, any break above resistance is a buy signal. In this case, 169.69, 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 AJG near 169.69, target 163.33, Stop Loss @ 170.18. Details
The technical summary data is suggesting a short of AJG if it tests 169.69 with a downside target of 163.33. We should have a stop loss in place at 170.18 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, 169.69, 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 AJG
- Buy AJG slightly over 165.01, target 169.69, Stop Loss @ 164.63 Details
If 165.01 begins to break higher, the technical summary data tells us to buy AJG just slightly over 165.01, with an upside target of 169.69. The data also tells us to set a stop loss @ 164.63 in case the stock turns against the trade. 165.01 is the first level of resistance above 164.63, and by rule, any break above resistance is a buy signal. In this case, 165.01, 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 AJG near 165.01, target 163.33, Stop Loss @ 165.39. Details
The technical summary data is suggesting a short of AJG if it tests 165.01 with a downside target of 163.33. We should have a stop loss in place at 165.39 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, 165.01, 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.
AJG Ratings for July 03:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
157.99 |
P2 |
162.04 |
163.33 |
170.10 |
P3 |
165.01 |
169.69 |
182.13 |
⚠Triggers may have already come
Support and Resistance Plot Chart for AJG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AJG: