How the (AIT) price action is used to our Advantage
August 08, 2024, 22:28 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AIT
- Buy AIT slightly over 191.53 target 203.51 stop loss @ 190.98 Details
The technical summary data tells us to buy AIT near 191.53 with an upside target of 203.51. This data also tells us to set a stop loss @ 190.98 to protect against excessive loss in case the stock begins to move against the trade. 191.53 is the first level of support below 196.76 , and by rule, any test of support is a buy signal. In this case, support 191.53 would be being tested, so a buy signal would exist.
- Short AIT slightly under 203.51, target 191.53, stop loss @ 204.1 Details
The technical summary data is suggesting a short of AIT as it gets near 203.51 with a downside target of 191.53. We should have a stop loss in place at 204.1though. 203.51 is the first level of resistance above 196.76, and by rule, any test of resistance is a short signal. In this case, if resistance 203.51 is being tested, so a short signal would exist.
Swing Trading Plans for AIT
- Buy AIT slightly over 200.86, target 203.51, Stop Loss @ 200.28 Details
If 200.86 begins to break higher, the technical summary data tells us to buy AIT just slightly over 200.86, with an upside target of 203.51. The data also tells us to set a stop loss @ 200.28 in case the stock turns against the trade. 200.86 is the first level of resistance above 196.76, and by rule, any break above resistance is a buy signal. In this case, 200.86, 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 200.86, target 191.53, Stop Loss @ 201.44. Details
The technical summary data is suggesting a short of AIT if it tests 200.86 with a downside target of 191.53. We should have a stop loss in place at 201.44 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, 200.86, 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 197.24, target 200.86, Stop Loss @ 196.78 Details
If 197.24 begins to break higher, the technical summary data tells us to buy AIT just slightly over 197.24, with an upside target of 200.86. The data also tells us to set a stop loss @ 196.78 in case the stock turns against the trade. 197.24 is the first level of resistance above 196.76, and by rule, any break above resistance is a buy signal. In this case, 197.24, 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 197.24, target 192.32, Stop Loss @ 197.7. Details
The technical summary data is suggesting a short of AIT if it tests 197.24 with a downside target of 192.32. We should have a stop loss in place at 197.7 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, 197.24, 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 August 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
191.53 |
| P2 |
192.32 |
186.81 |
203.51 |
| P3 |
197.24 |
200.86 |
215.44 |
AI Generated Signals for AIT
Blue = Current Price
Red= Resistance
Green = Support
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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 Applied Industrial Technologies Inc. (NYSE: AIT) data table below can help you with price action, and we have more details too. Trading plans for AIT 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.
Fundamental Charts for AIT:
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