When (MTX) Moves Investors should Listen

January 27, 2024, 00:24 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MTX

• Buy MTX slightly over 61.15 target 67.04 stop loss @ 60.97 Details

The technical summary data tells us to buy MTX near 61.15 with an upside target of 67.04. This data also tells us to set a stop loss @ 60.97 to protect against excessive loss in case the stock begins to move against the trade. 61.15 is the first level of support below 66.07 , and by rule, any test of support is a buy signal. In this case, support 61.15 is being tested, a buy signal would exist.

• Short MTX slightly under 67.04, target 61.15, stop loss @ 67.23 Details

The technical summary data is suggesting a short of MTX as it gets near 67.04 with a downside target of 61.15. We should have a stop loss in place at 67.23though. 67.04 is the first level of resistance above 66.07, and by rule, any test of resistance is a short signal. In this case, if resistance 67.04 is being tested, a short signal would exist.

Swing Trading Plans for MTX

• Buy MTX slightly over 66.36, target 67.04, Stop Loss @ 66.17 Details

If 66.36 begins to break higher, the technical summary data tells us to buy MTX just slightly over 66.36, with an upside target of 67.04. The data also tells us to set a stop loss @ 66.17 in case the stock turns against the trade. 66.36 is the first level of resistance above 66.07, and by rule, any break above resistance is a buy signal. In this case, 66.36, 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 MTX slightly near 66.36, target 64.77, Stop Loss @ 66.55. Details

The technical summary data is suggesting a short of MTX if it tests 66.36 with a downside target of 64.77. We should have a stop loss in place at 66.55 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, 66.36, 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 MTX

• Buy MTX slightly over 66.36, target 66.72, Stop Loss @ 66.21 Details

If 66.36 begins to break higher, the technical summary data tells us to buy MTX just slightly over 66.36, with an upside target of 66.72. The data also tells us to set a stop loss @ 66.21 in case the stock turns against the trade. 66.36 is the first level of resistance above 66.07, and by rule, any break above resistance is a buy signal. In this case, 66.36, 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 MTX slightly near 66.36, target 65.51, Stop Loss @ 66.51. Details

The technical summary data is suggesting a short of MTX if it tests 66.36 with a downside target of 65.51. We should have a stop loss in place at 66.51 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, 66.36, 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  Minerals Technologies Inc. (MTX) available here: MTX.

MTX Ratings for January 27:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	55.44
P2	65.51	64.77	61.15
P3	66.72	66.36	67.04

AI Generated Signals for MTX

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