How the (AME) price action is used to our Advantage
January 04, 2024, 21:20 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AME
- Buy AME slightly over 158.44 target 166.53 stop loss @ 157.98 Details
The technical summary data tells us to buy AME near 158.44 with an upside target of 166.53. This data also tells us to set a stop loss @ 157.98 to protect against excessive loss in case the stock begins to move against the trade. 158.44 is the first level of support below 160.48 , and by rule, any test of support is a buy signal. In this case, support 158.44 is being tested, a buy signal would exist.
- Short AME slightly under 166.53, target 158.44, stop loss @ 167.01 Details
The technical summary data is suggesting a short of AME as it gets near 166.53 with a downside target of 158.44. We should have a stop loss in place at 167.01though. 166.53 is the first level of resistance above 160.48, and by rule, any test of resistance is a short signal. In this case, if resistance 166.53 is being tested, a short signal would exist.
Swing Trading Plans for AME
- Buy AME slightly over 161.06, target 164.09, Stop Loss @ 160.59 Details
If 161.06 begins to break higher, the technical summary data tells us to buy AME just slightly over 161.06, with an upside target of 164.09. The data also tells us to set a stop loss @ 160.59 in case the stock turns against the trade. 161.06 is the first level of resistance above 160.48, and by rule, any break above resistance is a buy signal. In this case, 161.06, 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 161.06, target 158.44, Stop Loss @ 161.53. Details
The technical summary data is suggesting a short of AME if it tests 161.06 with a downside target of 158.44. We should have a stop loss in place at 161.53 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, 161.06, 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 161.06, target 164.09, Stop Loss @ 160.68 Details
If 161.06 begins to break higher, the technical summary data tells us to buy AME just slightly over 161.06, with an upside target of 164.09. The data also tells us to set a stop loss @ 160.68 in case the stock turns against the trade. 161.06 is the first level of resistance above 160.48, and by rule, any break above resistance is a buy signal. In this case, 161.06, 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 161.06, target 159.28, Stop Loss @ 161.44. Details
The technical summary data is suggesting a short of AME if it tests 161.06 with a downside target of 159.28. We should have a stop loss in place at 161.44 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, 161.06, 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 Ametek Inc. (AME) available here: AME.
AME Ratings for January 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
149.54 |
| P2 |
159.28 |
161.06 |
158.44 |
| P3 |
161.03 |
164.09 |
166.53 |
AI Generated Signals for AME
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 Ametek Inc. (NYSE: AME) data table below can help you with price action, and we have more details too. Trading plans for AME 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 AME:
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