When (ASO) Moves Investors should Listen
September 17, 2024, 17:38 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ASO
- Buy ASO near 58.35 target 68.35 stop loss @ 58.18 Details
The technical summary data tells us to buy ASO near 58.35 with an upside target of 68.35. This data also tells us to set a stop loss @ 58.18 to protect against excessive loss in case the stock begins to move against the trade. 58.35 is the first level of support below 61.05 , and by rule, any test of support is a buy signal. In this case, support 58.35 is being tested, a buy signal would exist.
- Short ASO slightly under 68.35, target 58.35, stop loss @ 68.55 Details
The technical summary data is suggesting a short of ASO as it gets near 68.35 with a downside target of 58.35. We should have a stop loss in place at 68.55though. 68.35 is the first level of resistance above 61.05, and by rule, any test of resistance is a short signal. In this case, if resistance 68.35 is being tested, a short signal would exist.
Swing Trading Plans for ASO
- Buy ASO slightly over 68.35, target n/a, Stop Loss @ 68.15 Details
If 68.35 begins to break higher, the technical summary data tells us to buy ASO just slightly over 68.35, with an upside target of n/a. The data also tells us to set a stop loss @ 68.15 in case the stock turns against the trade. 68.35 is the first level of resistance above 61.05, and by rule, any break above resistance is a buy signal. In this case, 68.35, 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 ASO slightly near 68.35, target 60.67, Stop Loss @ 68.55. Details
The technical summary data is suggesting a short of ASO if it tests 68.35 with a downside target of 60.67. We should have a stop loss in place at 68.55 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, 68.35, 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 ASO
- Buy ASO slightly over 62.31, target 68.35, Stop Loss @ 62.16 Details
If 62.31 begins to break higher, the technical summary data tells us to buy ASO just slightly over 62.31, with an upside target of 68.35. The data also tells us to set a stop loss @ 62.16 in case the stock turns against the trade. 62.31 is the first level of resistance above 61.05, and by rule, any break above resistance is a buy signal. In this case, 62.31, 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 ASO slightly near 62.31, target 60.92, Stop Loss @ 62.46. Details
The technical summary data is suggesting a short of ASO if it tests 62.31 with a downside target of 60.92. We should have a stop loss in place at 62.46 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, 62.31, 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 Academy Sports And Outdoors Inc. (ASO) available here: ASO.
ASO Ratings for September 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
48.6 |
| P2 |
60.92 |
56.86 |
58.35 |
| P3 |
62.31 |
60.67 |
68.35 |
AI Generated Signals for ASO
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Academy Sports And Outdoors Inc. (NYSE: ASO) report below is a real world example. Included are trading plans for ASO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ASO:
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