How the (PAG) price action is used to our Advantage

December 21, 2023, 14:20 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PAG

• Buy PAG slightly over 150.49 target 166.46 stop loss @ 150.06 Details

The technical summary data tells us to buy PAG near 150.49 with an upside target of 166.46. This data also tells us to set a stop loss @ 150.06 to protect against excessive loss in case the stock begins to move against the trade. 150.49 is the first level of support below 162.97 , and by rule, any test of support is a buy signal. In this case, support 150.49 would be being tested, so a buy signal would exist.

• Short PAG slightly under 166.46, target 150.49, stop loss @ 166.94 Details

The technical summary data is suggesting a short of PAG as it gets near 166.46 with a downside target of 150.49. We should have a stop loss in place at 166.94though. 166.46 is the first level of resistance above 162.97, and by rule, any test of resistance is a short signal. In this case, if resistance 166.46 is being tested, so a short signal would exist.

Swing Trading Plans for PAG

• Buy PAG slightly over 166.61, target 183.12, Stop Loss @ 166.13 Details

If 166.61 begins to break higher, the technical summary data tells us to buy PAG just slightly over 166.61, with an upside target of 183.12. The data also tells us to set a stop loss @ 166.13 in case the stock turns against the trade. 166.61 is the first level of resistance above 162.97, and by rule, any break above resistance is a buy signal. In this case, 166.61, 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 PAG slightly near 166.61, target 159.86, Stop Loss @ 167.09. Details

The technical summary data is suggesting a short of PAG if it tests 166.61 with a downside target of 159.86. We should have a stop loss in place at 167.09 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, 166.61, 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 PAG

• Buy PAG slightly over 163.2, target 166.61, Stop Loss @ 162.82 Details

If 163.2 begins to break higher, the technical summary data tells us to buy PAG just slightly over 163.2, with an upside target of 166.61. The data also tells us to set a stop loss @ 162.82 in case the stock turns against the trade. 163.2 is the first level of resistance above 162.97, and by rule, any break above resistance is a buy signal. In this case, 163.2, 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 PAG slightly near 163.2, target 160.88, Stop Loss @ 163.58. Details

The technical summary data is suggesting a short of PAG if it tests 163.2 with a downside target of 160.88. We should have a stop loss in place at 163.58 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, 163.2, 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  Penske Automotive Group Inc. (PAG) available here: PAG.

PAG Ratings for December 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	150.49
P2	160.88	159.86	166.46
P3	163.2	166.61	183.12

AI Generated Signals for PAG

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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  Penske Automotive Group Inc. (NYSE: PAG) data table below can help you with price action, and we have more details too. Trading plans for PAG 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.