Trading Avery Dennison AVY With Integrated Risk Controls

September 23, 2022, 02:45 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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 Avery Dennison (NYSE: AVY) report below can help you, but we have more details too. The trading plans for AVY, 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.

Longer Term Trading Plans for AVY

• Buy AVY slightly over 167.34 target 187.00 stop loss @ 166.86 Details

The technical summary data tells us to buy AVY near 167.34 with an upside target of 187.00. This data also tells us to set a stop loss @ 166.86 to protect against excessive loss in case the stock begins to move against the trade. 167.34 is the first level of support below 168.91 , and by rule, any test of support is a buy signal. In this case, support 167.34 is being tested, a buy signal would exist.

• Short AVY slightly under 187.00, target 167.34, stop loss @ 187.54 Details

The technical summary data is suggesting a short of AVY as it gets near 187.00 with a downside target of 167.34. We should have a stop loss in place at 187.54though. 187.00 is the first level of resistance above 168.91, and by rule, any test of resistance is a short signal. In this case, if resistance 187.00 is being tested, a short signal would exist.

Swing Trading Plans for AVY

• Buy AVY slightly over 175.19, target 187.00, Stop Loss @ 174.68 Details

If 175.19 begins to break higher, the technical summary data tells us to buy AVY just slightly over 175.19, with an upside target of 187.00. The data also tells us to set a stop loss @ 174.68 in case the stock turns against the trade. 175.19 is the first level of resistance above 168.91, and by rule, any break above resistance is a buy signal. In this case, 175.19, 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 AVY slightly near 175.19, target 167.34, Stop Loss @ 175.7. Details

The technical summary data is suggesting a short of AVY if it tests 175.19 with a downside target of 167.34. We should have a stop loss in place at 175.7 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, 175.19, 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 AVY

• Buy AVY slightly over 169.09, target 175.19, Stop Loss @ 168.7 Details

If 169.09 begins to break higher, the technical summary data tells us to buy AVY just slightly over 169.09, with an upside target of 175.19. The data also tells us to set a stop loss @ 168.7 in case the stock turns against the trade. 169.09 is the first level of resistance above 168.91, and by rule, any break above resistance is a buy signal. In this case, 169.09, 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 AVY slightly near 169.09, target 167.34, Stop Loss @ 169.48. Details

The technical summary data is suggesting a short of AVY if it tests 169.09 with a downside target of 167.34. We should have a stop loss in place at 169.48 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, 169.09, 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.

AVY Ratings for September 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	146.82
P2	169.09	166.84	167.34
P3	175.17	175.19	187.00

Support and Resistance Plot Chart for AVY

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