When (GPI) Moves Investors should Listen
July 18, 2024, 23:22 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GPI
- Buy GPI slightly over 300.48 target 321.63 stop loss @ 299.61 Details
The technical summary data tells us to buy GPI near 300.48 with an upside target of 321.63. This data also tells us to set a stop loss @ 299.61 to protect against excessive loss in case the stock begins to move against the trade. 300.48 is the first level of support below 310.21 , and by rule, any test of support is a buy signal. In this case, support 300.48 is being tested, a buy signal would exist.
- Short GPI slightly under 321.63, target 300.48, stop loss @ 322.56 Details
The technical summary data is suggesting a short of GPI as it gets near 321.63 with a downside target of 300.48. We should have a stop loss in place at 322.56though. 321.63 is the first level of resistance above 310.21, and by rule, any test of resistance is a short signal. In this case, if resistance 321.63 is being tested, a short signal would exist.
Swing Trading Plans for GPI
- Buy GPI slightly over 316.54, target 321.63, Stop Loss @ 315.63 Details
If 316.54 begins to break higher, the technical summary data tells us to buy GPI just slightly over 316.54, with an upside target of 321.63. The data also tells us to set a stop loss @ 315.63 in case the stock turns against the trade. 316.54 is the first level of resistance above 310.21, and by rule, any break above resistance is a buy signal. In this case, 316.54, 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 GPI slightly near 316.54, target 300.52, Stop Loss @ 317.45. Details
The technical summary data is suggesting a short of GPI if it tests 316.54 with a downside target of 300.52. We should have a stop loss in place at 317.45 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, 316.54, 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 GPI
- Buy GPI slightly over 312.83, target 316.54, Stop Loss @ 312.1 Details
If 312.83 begins to break higher, the technical summary data tells us to buy GPI just slightly over 312.83, with an upside target of 316.54. The data also tells us to set a stop loss @ 312.1 in case the stock turns against the trade. 312.83 is the first level of resistance above 310.21, and by rule, any break above resistance is a buy signal. In this case, 312.83, 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 GPI slightly near 312.83, target 300.52, Stop Loss @ 313.56. Details
The technical summary data is suggesting a short of GPI if it tests 312.83 with a downside target of 300.52. We should have a stop loss in place at 313.56 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, 312.83, 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 Group 1 Automotive Inc. (GPI) available here: GPI.
GPI Ratings for July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
279.02 |
| P2 |
312.83 |
300.52 |
300.48 |
| P3 |
318.7 |
316.54 |
321.63 |
AI Generated Signals for GPI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Group 1 Automotive Inc. (NYSE: GPI) report below is a real world example. Included are trading plans for GPI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GPI:
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