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Trading Autonation $AN With Integrated Risk Controls

Longer Term Trading Plans for AN
  • Buy AN slightly over 116.84 target 131.31 stop loss @ 116.5 Details
  • The technical summary data tells us to buy AN near 116.84 with an upside target of 131.31. This data also tells us to set a stop loss @ 116.5 to protect against excessive loss in case the stock begins to move against the trade. 116.84 is the first level of support below 130.92 , and by rule, any test of support is a buy signal. In this case, support 116.84 would be being tested, so a buy signal would exist.

  • Short AN slightly under 131.31, target 116.84, stop loss @ 131.69 Details
  • The technical summary data is suggesting a short of AN as it gets near 131.31 with a downside target of 116.84. We should have a stop loss in place at 131.69though. 131.31 is the first level of resistance above 130.92, and by rule, any test of resistance is a short signal. In this case, if resistance 131.31 is being tested, so a short signal would exist.

Swing Trading Plans for AN
  • Buy AN slightly over 131.31, target 134.51, Stop Loss @ 130.93 Details
  • If 131.31 begins to break higher, the technical summary data tells us to buy AN just slightly over 131.31, with an upside target of 134.51. The data also tells us to set a stop loss @ 130.93 in case the stock turns against the trade. 131.31 is the first level of resistance above 130.92, and by rule, any break above resistance is a buy signal. In this case, 131.31, 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 AN slightly near 131.31, target 116.84, Stop Loss @ 131.69. Details
  • The technical summary data is suggesting a short of AN if it tests 131.31 with a downside target of 116.84. We should have a stop loss in place at 131.69 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, 131.31, 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 AN
  • Buy AN slightly over 131.31, target 133.22, Stop Loss @ 131 Details
  • If 131.31 begins to break higher, the technical summary data tells us to buy AN just slightly over 131.31, with an upside target of 133.22. The data also tells us to set a stop loss @ 131 in case the stock turns against the trade. 131.31 is the first level of resistance above 130.92, and by rule, any break above resistance is a buy signal. In this case, 131.31, 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 AN slightly near 131.31, target 116.84, Stop Loss @ 131.62. Details
  • The technical summary data is suggesting a short of AN if it tests 131.31 with a downside target of 116.84. We should have a stop loss in place at 131.62 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, 131.31, 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.

This is a snapshot. Real Time Updates are available on our AN Page.

AN Ratings for May 31:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 116.84
P2 133.22 134.51 131.31
P3 139.01 140.08 146.57
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Support and Resistance Plot Chart for AN

AN Long Term Analysis for May 31 2023

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Autonation (NYSE: AN) report below can help you, but we have more details too. The trading plans for AN, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.