Trend Tracker for (ABG)

December 12, 2024, 12:30 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ABG

• Buy ABG near 248.59 target 268.57 stop loss @ 247.87 Details

The technical summary data tells us to buy ABG near 248.59 with an upside target of 268.57. This data also tells us to set a stop loss @ 247.87 to protect against excessive loss in case the stock begins to move against the trade. 248.59 is the first level of support below 254.135 , and by rule, any test of support is a buy signal. In this case, support 248.59 is being tested, a buy signal would exist.

• Short ABG slightly under 268.57, target 248.59, stop loss @ 269.35 Details

The technical summary data is suggesting a short of ABG as it gets near 268.57 with a downside target of 248.59. We should have a stop loss in place at 269.35though. 268.57 is the first level of resistance above 254.135, and by rule, any test of resistance is a short signal. In this case, if resistance 268.57 is being tested, a short signal would exist.

Swing Trading Plans for ABG

• Buy ABG slightly over 260.27, target 268.57, Stop Loss @ 259.52 Details

If 260.27 begins to break higher, the technical summary data tells us to buy ABG just slightly over 260.27, with an upside target of 268.57. The data also tells us to set a stop loss @ 259.52 in case the stock turns against the trade. 260.27 is the first level of resistance above 254.135, and by rule, any break above resistance is a buy signal. In this case, 260.27, 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 ABG slightly near 260.27, target 253.25, Stop Loss @ 261.02. Details

The technical summary data is suggesting a short of ABG if it tests 260.27 with a downside target of 253.25. We should have a stop loss in place at 261.02 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, 260.27, 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 ABG

• Buy ABG slightly over 257.24, target 260.27, Stop Loss @ 256.64 Details

If 257.24 begins to break higher, the technical summary data tells us to buy ABG just slightly over 257.24, with an upside target of 260.27. The data also tells us to set a stop loss @ 256.64 in case the stock turns against the trade. 257.24 is the first level of resistance above 254.135, and by rule, any break above resistance is a buy signal. In this case, 257.24, 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 ABG slightly near 257.24, target 253.5, Stop Loss @ 257.84. Details

The technical summary data is suggesting a short of ABG if it tests 257.24 with a downside target of 253.5. We should have a stop loss in place at 257.84 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, 257.24, 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 Asbury Automotive Group Inc (ABG) available here: ABG.

ABG Ratings for December 12:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	229.57
P2	253.5	253.25	248.59
P3	257.24	260.27	268.57

AI Generated Signals for ABG

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The data for Asbury Automotive Group Inc (NYSE: ABG) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ABG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ABG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ABG too.  All of these are offered below the Summary Table.