pool adsWhen Abm Industries ABM Moves Investors should Listen
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 Abm Industries (NYSE: ABM) report below is a real world example. Included are trading plans for ABM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 46.17 |
| P2 | 48.02 | 48.10 | 50.34 |
| P3 | 48.75 | 49.21 | 54.86 |
Support and Resistance Plot Chart for ABM
Longer Term Trading Plans for ABM
June 10, 2021, 8:00 pm ET
Our Longer Term Plans for ABM 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 ABM Report.
ABM - (Long) Support Plan
Buy over 46.17 target 50.34 stop loss @ 46.04
The technical summary data tells us to buy ABM near 46.17 with an upside target of 50.34. This data also tells us to set a stop loss @ 46.04 to protect against excessive loss in case the stock begins to move against the trade. 46.17 is the first level of support below 47.62 , and by rule, any test of support is a buy signal. In this case, support 46.17 would be being tested, so a buy signal would exist.
ABM - (Short) Resistance Plan
Short under 50.34, target 46.17, stop loss @ 50.49
The technical summary data is suggesting a short of ABM as it gets near 50.34 with a downside target of 46.17. We should have a stop loss in place at 50.49though. 50.34 is the first level of resistance above 47.62, and by rule, any test of resistance is a short signal. In this case, if resistance 50.34 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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