When the Price of (AIT) Talks, People Listen

October 08, 2024, 00:44 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AIT

• Buy AIT near 213.1 target 225.66 stop loss @ 212.48 Details

The technical summary data tells us to buy AIT near 213.1 with an upside target of 225.66. This data also tells us to set a stop loss @ 212.48 to protect against excessive loss in case the stock begins to move against the trade. 213.1 is the first level of support below 221.03 , and by rule, any test of support is a buy signal. In this case, support 213.1 is being tested, a buy signal would exist.

• Short AIT slightly under 225.66, target 213.1, stop loss @ 226.31 Details

The technical summary data is suggesting a short of AIT as it gets near 225.66 with a downside target of 213.1. We should have a stop loss in place at 226.31though. 225.66 is the first level of resistance above 221.03, and by rule, any test of resistance is a short signal. In this case, if resistance 225.66 is being tested, a short signal would exist.

Swing Trading Plans for AIT

• Buy AIT slightly over 223.26, target 225.66, Stop Loss @ 222.62 Details

If 223.26 begins to break higher, the technical summary data tells us to buy AIT just slightly over 223.26, with an upside target of 225.66. The data also tells us to set a stop loss @ 222.62 in case the stock turns against the trade. 223.26 is the first level of resistance above 221.03, and by rule, any break above resistance is a buy signal. In this case, 223.26, 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 AIT slightly near 223.26, target 219.38, Stop Loss @ 223.9. Details

The technical summary data is suggesting a short of AIT if it tests 223.26 with a downside target of 219.38. We should have a stop loss in place at 223.9 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, 223.26, 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 AIT

• Buy AIT slightly over 222.14, target 223.26, Stop Loss @ 221.62 Details

If 222.14 begins to break higher, the technical summary data tells us to buy AIT just slightly over 222.14, with an upside target of 223.26. The data also tells us to set a stop loss @ 221.62 in case the stock turns against the trade. 222.14 is the first level of resistance above 221.03, and by rule, any break above resistance is a buy signal. In this case, 222.14, 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 AIT slightly near 222.14, target 219.68, Stop Loss @ 222.66. Details

The technical summary data is suggesting a short of AIT if it tests 222.14 with a downside target of 219.68. We should have a stop loss in place at 222.66 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, 222.14, 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 Applied Industrial Technologies Inc. (AIT) available here: AIT.

AIT Ratings for October 08:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	200.07
P2	219.68	219.38	213.1
P3	222.14	223.26	225.66

AI Generated Signals for AIT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Applied Industrial Technologies Inc. (NYSE: AIT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AIT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.