When (FAF) Moves Investors should Listen

January 05, 2024, 03:30 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FAF

• Buy FAF slightly over 59.12 target 63.88 stop loss @ 58.95 Details

The technical summary data tells us to buy FAF near 59.12 with an upside target of 63.88. This data also tells us to set a stop loss @ 58.95 to protect against excessive loss in case the stock begins to move against the trade. 59.12 is the first level of support below 61.56 , and by rule, any test of support is a buy signal. In this case, support 59.12 is being tested, a buy signal would exist.

• Short FAF slightly under 63.88, target 59.12, stop loss @ 64.06 Details

The technical summary data is suggesting a short of FAF as it gets near 63.88 with a downside target of 59.12. We should have a stop loss in place at 64.06though. 63.88 is the first level of resistance above 61.56, and by rule, any test of resistance is a short signal. In this case, if resistance 63.88 is being tested, a short signal would exist.

Swing Trading Plans for FAF

• Buy FAF slightly over 63.66, target 63.88, Stop Loss @ 63.48 Details

If 63.66 begins to break higher, the technical summary data tells us to buy FAF just slightly over 63.66, with an upside target of 63.88. The data also tells us to set a stop loss @ 63.48 in case the stock turns against the trade. 63.66 is the first level of resistance above 61.56, and by rule, any break above resistance is a buy signal. In this case, 63.66, 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 FAF slightly near 63.66, target 61.47, Stop Loss @ 63.84. Details

The technical summary data is suggesting a short of FAF if it tests 63.66 with a downside target of 61.47. We should have a stop loss in place at 63.84 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, 63.66, 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 FAF

• Buy FAF slightly over 63.66, target 63.88, Stop Loss @ 63.51 Details

If 63.66 begins to break higher, the technical summary data tells us to buy FAF just slightly over 63.66, with an upside target of 63.88. The data also tells us to set a stop loss @ 63.51 in case the stock turns against the trade. 63.66 is the first level of resistance above 61.56, and by rule, any break above resistance is a buy signal. In this case, 63.66, 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 FAF slightly near 63.66, target 61.47, Stop Loss @ 63.81. Details

The technical summary data is suggesting a short of FAF if it tests 63.66 with a downside target of 61.47. We should have a stop loss in place at 63.81 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, 63.66, 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  First American Corporation (new) (FAF) available here: FAF.

FAF Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	54.32
P2	60.3	61.47	59.12
P3	61.36	63.66	63.88

AI Generated Signals for FAF

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