When (AME) Moves Investors should Listen

November 20, 2024, 05:24 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AME

• Buy AME near 187.08 target n/a stop loss @ 186.54. Details

The technical summary data tells us to buy AME near 187.08, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 186.54 to protect against excessive loss in case the stock begins to move against the trade. 187.08 is the first level of support below 193.46, and by rule, any test of support is a buy signal. In this case, if support 187.08 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for AME

• Buy AME slightly over 199.73, target n/a, Stop Loss @ 199.15 Details

If 199.73 begins to break higher, the technical summary data tells us to buy AME just slightly over 199.73, with an upside target of n/a. The data also tells us to set a stop loss @ 199.15 in case the stock turns against the trade. 199.73 is the first level of resistance above 193.46, and by rule, any break above resistance is a buy signal. In this case, 199.73, 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 199.73, target 193.15, Stop Loss @ 200.31. Details

The technical summary data is suggesting a short of AME if it tests 199.73 with a downside target of 193.15. We should have a stop loss in place at 200.31 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, 199.73, 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 199.73, target n/a, Stop Loss @ 199.26 Details

If 199.73 begins to break higher, the technical summary data tells us to buy AME just slightly over 199.73, with an upside target of n/a. The data also tells us to set a stop loss @ 199.26 in case the stock turns against the trade. 199.73 is the first level of resistance above 193.46, and by rule, any break above resistance is a buy signal. In this case, 199.73, 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 199.73, target 193.15, Stop Loss @ 200.2. Details

The technical summary data is suggesting a short of AME if it tests 199.73 with a downside target of 193.15. We should have a stop loss in place at 200.2 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, 199.73, 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 November 20:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	162
P2	191	193.15	174.91
P3	192.77	199.73	187.08

AI Generated Signals for AME

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