Trading (ARMK) With Integrated Risk Controls

January 16, 2024, 20:56 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ARMK

• Buy ARMK slightly over 27.71 target 30.38 stop loss @ 27.63 Details

The technical summary data tells us to buy ARMK near 27.71 with an upside target of 30.38. This data also tells us to set a stop loss @ 27.63 to protect against excessive loss in case the stock begins to move against the trade. 27.71 is the first level of support below 28.96 , and by rule, any test of support is a buy signal. In this case, support 27.71 is being tested, a buy signal would exist.

• Short ARMK slightly under 30.38, target 27.71, stop loss @ 30.47 Details

The technical summary data is suggesting a short of ARMK as it gets near 30.38 with a downside target of 27.71. We should have a stop loss in place at 30.47though. 30.38 is the first level of resistance above 28.96, and by rule, any test of resistance is a short signal. In this case, if resistance 30.38 is being tested, a short signal would exist.

Swing Trading Plans for ARMK

• Buy ARMK slightly over 29.28, target 30.38, Stop Loss @ 29.2 Details

If 29.28 begins to break higher, the technical summary data tells us to buy ARMK just slightly over 29.28, with an upside target of 30.38. The data also tells us to set a stop loss @ 29.2 in case the stock turns against the trade. 29.28 is the first level of resistance above 28.96, and by rule, any break above resistance is a buy signal. In this case, 29.28, 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 ARMK slightly near 29.28, target 28.65, Stop Loss @ 29.36. Details

The technical summary data is suggesting a short of ARMK if it tests 29.28 with a downside target of 28.65. We should have a stop loss in place at 29.36 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, 29.28, 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 ARMK

• Buy ARMK slightly over 29, target 29.28, Stop Loss @ 28.93 Details

If 29 begins to break higher, the technical summary data tells us to buy ARMK just slightly over 29, with an upside target of 29.28. The data also tells us to set a stop loss @ 28.93 in case the stock turns against the trade. 29 is the first level of resistance above 28.96, and by rule, any break above resistance is a buy signal. In this case, 29, 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 ARMK slightly near 29, target 28.66, Stop Loss @ 29.07. Details

The technical summary data is suggesting a short of ARMK if it tests 29 with a downside target of 28.66. We should have a stop loss in place at 29.07 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, 29, 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 Aramark (ARMK) available here: ARMK.

ARMK Ratings for January 16:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	25.11
P2	28.66	28.65	27.71
P3	29	29.28	30.38

AI Generated Signals for ARMK

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