How the price action of Martin Marietta ($MLM) is used to our Advantage

November 06, 2023, 01:00 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MLM

• Buy MLM slightly over 409.00 target 446.89 stop loss @ 407.82 Details

The technical summary data tells us to buy MLM near 409.00 with an upside target of 446.89. This data also tells us to set a stop loss @ 407.82 to protect against excessive loss in case the stock begins to move against the trade. 409.00 is the first level of support below 442.88 , and by rule, any test of support is a buy signal. In this case, support 409.00 would be being tested, so a buy signal would exist.

• Short MLM slightly under 446.89, target 409.00, stop loss @ 448.18 Details

The technical summary data is suggesting a short of MLM as it gets near 446.89 with a downside target of 409.00. We should have a stop loss in place at 448.18though. 446.89 is the first level of resistance above 442.88, and by rule, any test of resistance is a short signal. In this case, if resistance 446.89 is being tested, so a short signal would exist.

Swing Trading Plans for MLM

• Buy MLM slightly over 443.65, target 446.89, Stop Loss @ 442.37 Details

If 443.65 begins to break higher, the technical summary data tells us to buy MLM just slightly over 443.65, with an upside target of 446.89. The data also tells us to set a stop loss @ 442.37 in case the stock turns against the trade. 443.65 is the first level of resistance above 442.88, and by rule, any break above resistance is a buy signal. In this case, 443.65, 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 MLM slightly near 443.65, target 414.63, Stop Loss @ 444.93. Details

The technical summary data is suggesting a short of MLM if it tests 443.65 with a downside target of 414.63. We should have a stop loss in place at 444.93 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, 443.65, 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 MLM

• Buy MLM slightly over 443.65, target 445.58, Stop Loss @ 442.61 Details

If 443.65 begins to break higher, the technical summary data tells us to buy MLM just slightly over 443.65, with an upside target of 445.58. The data also tells us to set a stop loss @ 442.61 in case the stock turns against the trade. 443.65 is the first level of resistance above 442.88, and by rule, any break above resistance is a buy signal. In this case, 443.65, 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 MLM slightly near 443.65, target 414.63, Stop Loss @ 444.69. Details

The technical summary data is suggesting a short of MLM if it tests 443.65 with a downside target of 414.63. We should have a stop loss in place at 444.69 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, 443.65, 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  Martin Marietta (MLM) available here: MLM.

MLM Ratings for November 06:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	409.00
P2	445.58	414.63	446.89
P3	456.77	443.65	483.53

AI Generated Signals for MLM

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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  Martin Marietta (NYSE: MLM) data table below can help you with price action, and we have more details too. Trading plans for MLM 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.