How the price action of Amerisourcebergen ABC is used to our Advantage

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Weak Strong
P1 0 0 108.08
P2 118.75 116.05 115.40
P3 120.26 119.65 123.04

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Amerisourcebergen (NYSE: ABC) data table below can help you with price action, and we have more details too. Trading plans for ABC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for ABC

June 10, 2021, 7:45 pm ET

Our Longer Term Plans for ABC help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ABC Report.

ABC - (Long) Support Plan

Buy over 115.40 target 123.04 stop loss @ 115.07

The technical summary data tells us to buy ABC near 115.40 with an upside target of 123.04. This data also tells us to set a stop loss @ 115.07 to protect against excessive loss in case the stock begins to move against the trade. 115.40 is the first level of support below 120.94 , and by rule, any test of support is a buy signal. In this case, support 115.40 is being tested, a buy signal would exist.

ABC - (Short) Resistance Plan

Short under 123.04, target 115.40, stop loss @ 123.4

The technical summary data is suggesting a short of ABC as it gets near 123.04 with a downside target of 115.40. We should have a stop loss in place at 123.4though. 123.04 is the first level of resistance above 120.94, and by rule, any test of resistance is a short signal. In this case, if resistance 123.04 is being tested, a short signal would exist.


ABC Long Term Analysis for June 10 2021

Graph of Evitar Corte vs S&P 500

AD

Swing Trading Plans for ABC

June 10, 2021, 7:45 pm ET

Our Swing Trading Plans for ABC help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ABC Report.

ABC - (Long) Support Plan

Buy over 123.04, target n/a, Stop Loss @ 122.68

If 123.04 begins to break higher, the technical summary data tells us to buy ABC just over 123.04, with an upside target of n/a. The data also tells us to set a stop loss @ 122.68 in case the stock turns against the trade. 123.04 is the first level of resistance above 120.94, and by rule, any break above resistance is a buy signal. In this case, 123.04, 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.

ABC - (Short) Resistance Plan

Short near 123.04, target 119.65, Stop Loss @ 123.4.

The technical summary data is suggesting a short of ABC if it tests 123.04 with a downside target of 119.65. We should have a stop loss in place at 123.4 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, 123.04, 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.


ABC Swing Trading Analysis for June 10 2021

Day Trading Plans for ABC

June 10, 2021, 7:45 pm ET

Our Day Trading Plans for ABC help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ABC Report.

ABC - (Long) Support Plan

Buy over 123.04, target n/a, Stop Loss @ 122.75

If 123.04 begins to break higher, the technical summary data tells us to buy ABC just over 123.04, with an upside target of n/a. The data also tells us to set a stop loss @ 122.75 in case the stock turns against the trade. 123.04 is the first level of resistance above 120.94, and by rule, any break above resistance is a buy signal. In this case, 123.04, 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.

ABC - (Short) Resistance Plan

Short near 123.04, target 120.26, Stop Loss @ 123.33.

The technical summary data is suggesting a short of ABC if it tests 123.04 with a downside target of 120.26. We should have a stop loss in place at 123.33 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, 123.04, 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.


ABC Day Trading Analysis for June 10 2021