When Arthur J. Gallagher ($AJG) Moves Investors should Listen
November 02, 2023, 00:30 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AJG
- Buy AJG slightly over 229.99 target 241.09 stop loss @ 229.33 Details
The technical summary data tells us to buy AJG near 229.99 with an upside target of 241.09. This data also tells us to set a stop loss @ 229.33 to protect against excessive loss in case the stock begins to move against the trade. 229.99 is the first level of support below 237.31 , and by rule, any test of support is a buy signal. In this case, support 229.99 is being tested, a buy signal would exist.
- Short AJG slightly under 241.09, target 229.99, stop loss @ 241.79 Details
The technical summary data is suggesting a short of AJG as it gets near 241.09 with a downside target of 229.99. We should have a stop loss in place at 241.79though. 241.09 is the first level of resistance above 237.31, and by rule, any test of resistance is a short signal. In this case, if resistance 241.09 is being tested, a short signal would exist.
Swing Trading Plans for AJG
- Buy AJG slightly over 241.09, target n/a, Stop Loss @ 240.39 Details
If 241.09 begins to break higher, the technical summary data tells us to buy AJG just slightly over 241.09, with an upside target of n/a. The data also tells us to set a stop loss @ 240.39 in case the stock turns against the trade. 241.09 is the first level of resistance above 237.31, and by rule, any break above resistance is a buy signal. In this case, 241.09, 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 slightly near 241.09, target 236.12, Stop Loss @ 241.79. Details
The technical summary data is suggesting a short of AJG if it tests 241.09 with a downside target of 236.12. We should have a stop loss in place at 241.79 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, 241.09, 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 238.69, target 241.09, Stop Loss @ 238.13 Details
If 238.69 begins to break higher, the technical summary data tells us to buy AJG just slightly over 238.69, with an upside target of 241.09. The data also tells us to set a stop loss @ 238.13 in case the stock turns against the trade. 238.69 is the first level of resistance above 237.31, and by rule, any break above resistance is a buy signal. In this case, 238.69, 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 slightly near 238.69, target 236.12, Stop Loss @ 239.25. Details
The technical summary data is suggesting a short of AJG if it tests 238.69 with a downside target of 236.12. We should have a stop loss in place at 239.25 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, 238.69, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Arthur J. Gallagher (AJG) available here: AJG.
AJG Ratings for November 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
219.00 |
| P2 |
234.34 |
229.01 |
229.99 |
| P3 |
238.69 |
236.12 |
241.09 |
AI Generated Signals for AJG
Blue = Current Price
Red= Resistance
Green = Support
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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 Arthur J. Gallagher (NYSE: AJG) report below is a real world example. Included are trading plans for AJG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AJG:
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