When the Price of Ametek $AME Talks, People Listen

July 29, 2023, 10:15 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AME

• Buy AME slightly over 154.42 target 163.11 stop loss @ 153.97 Details

The technical summary data tells us to buy AME near 154.42 with an upside target of 163.11. This data also tells us to set a stop loss @ 153.97 to protect against excessive loss in case the stock begins to move against the trade. 154.42 is the first level of support below 158.25 , and by rule, any test of support is a buy signal. In this case, support 154.42 is being tested, a buy signal would exist.

• Short AME slightly under 163.11, target 154.42, stop loss @ 163.58 Details

The technical summary data is suggesting a short of AME as it gets near 163.11 with a downside target of 154.42. We should have a stop loss in place at 163.58though. 163.11 is the first level of resistance above 158.25, and by rule, any test of resistance is a short signal. In this case, if resistance 163.11 is being tested, a short signal would exist.

Swing Trading Plans for AME

• Buy AME slightly over 159.27, target 163.11, Stop Loss @ 158.81 Details

If 159.27 begins to break higher, the technical summary data tells us to buy AME just slightly over 159.27, with an upside target of 163.11. The data also tells us to set a stop loss @ 158.81 in case the stock turns against the trade. 159.27 is the first level of resistance above 158.25, and by rule, any break above resistance is a buy signal. In this case, 159.27, 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 AME slightly near 159.27, target 157.71, Stop Loss @ 159.73. Details

The technical summary data is suggesting a short of AME if it tests 159.27 with a downside target of 157.71. We should have a stop loss in place at 159.73 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, 159.27, 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 AME

• Buy AME slightly over 158.34, target 159.28, Stop Loss @ 157.97 Details

If 158.34 begins to break higher, the technical summary data tells us to buy AME just slightly over 158.34, with an upside target of 159.28. The data also tells us to set a stop loss @ 157.97 in case the stock turns against the trade. 158.34 is the first level of resistance above 158.25, and by rule, any break above resistance is a buy signal. In this case, 158.34, 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 AME slightly near 158.34, target 157.71, Stop Loss @ 158.71. Details

The technical summary data is suggesting a short of AME if it tests 158.34 with a downside target of 157.71. We should have a stop loss in place at 158.71 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, 158.34, 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 AME Page.

AME Ratings for July 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	145.29
P2	158.34	157.71	154.42
P3	159.28	159.27	163.11

Support and Resistance Plot Chart for AME

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Ametek (NYSE: AME) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AME can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.