Learn to Evaluate Martin Marietta ($MLM) using the Charts

October 18, 2023, 03:00 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MLM

• Buy MLM slightly over 413.57 target 447.49 stop loss @ 412.38 Details

The technical summary data tells us to buy MLM near 413.57 with an upside target of 447.49. This data also tells us to set a stop loss @ 412.38 to protect against excessive loss in case the stock begins to move against the trade. 413.57 is the first level of support below 437.08 , and by rule, any test of support is a buy signal. In this case, support 413.57 would be being tested, so a buy signal would exist.

• Short MLM slightly under 447.49, target 413.57, stop loss @ 448.78 Details

The technical summary data is suggesting a short of MLM as it gets near 447.49 with a downside target of 413.57. We should have a stop loss in place at 448.78though. 447.49 is the first level of resistance above 437.08, and by rule, any test of resistance is a short signal. In this case, if resistance 447.49 is being tested, so a short signal would exist.

Swing Trading Plans for MLM

• Buy MLM slightly over 445.43, target 447.49, Stop Loss @ 444.14 Details

If 445.43 begins to break higher, the technical summary data tells us to buy MLM just slightly over 445.43, with an upside target of 447.49. The data also tells us to set a stop loss @ 444.14 in case the stock turns against the trade. 445.43 is the first level of resistance above 437.08, and by rule, any break above resistance is a buy signal. In this case, 445.43, 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 MLM slightly near 445.43, target 431.86, Stop Loss @ 446.72. Details

The technical summary data is suggesting a short of MLM if it tests 445.43 with a downside target of 431.86. We should have a stop loss in place at 446.72 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, 445.43, 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 MLM

• Buy MLM slightly over 445.43, target 447.49, Stop Loss @ 444.39 Details

If 445.43 begins to break higher, the technical summary data tells us to buy MLM just slightly over 445.43, with an upside target of 447.49. The data also tells us to set a stop loss @ 444.39 in case the stock turns against the trade. 445.43 is the first level of resistance above 437.08, and by rule, any break above resistance is a buy signal. In this case, 445.43, 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 MLM slightly near 445.43, target 436.94, Stop Loss @ 446.47. Details

The technical summary data is suggesting a short of MLM if it tests 445.43 with a downside target of 436.94. We should have a stop loss in place at 446.47 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, 445.43, 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  Martin Marietta (MLM) available here: MLM.

MLM Ratings for October 18:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	413.57
P2	429.71	431.86	447.49
P3	436.94	445.43	481.20

AI Generated Signals for MLM

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Martin Marietta (NYSE: MLM) report below can help you understand how to do this. The trading plans for MLM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.