Trading (ASO) With Integrated Risk Controls
July 09, 2024, 19:24 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ASO
- Buy ASO slightly over 51.83 target 61.18 stop loss @ 51.68 Details
The technical summary data tells us to buy ASO near 51.83 with an upside target of 61.18. This data also tells us to set a stop loss @ 51.68 to protect against excessive loss in case the stock begins to move against the trade. 51.83 is the first level of support below 51.85 , and by rule, any test of support is a buy signal. In this case, support 51.83 would be being tested, so a buy signal would exist.
- Short ASO slightly under 61.18, target 51.83, stop loss @ 61.36 Details
The technical summary data is suggesting a short of ASO as it gets near 61.18 with a downside target of 51.83. We should have a stop loss in place at 61.36though. 61.18 is the first level of resistance above 51.85, and by rule, any test of resistance is a short signal. In this case, if resistance 61.18 is being tested, so a short signal would exist.
Swing Trading Plans for ASO
- Buy ASO slightly over 52.52, target 61.18, Stop Loss @ 52.37 Details
If 52.52 begins to break higher, the technical summary data tells us to buy ASO just slightly over 52.52, with an upside target of 61.18. The data also tells us to set a stop loss @ 52.37 in case the stock turns against the trade. 52.52 is the first level of resistance above 51.85, and by rule, any break above resistance is a buy signal. In this case, 52.52, 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 52.52, target 51.83, Stop Loss @ 52.67. Details
The technical summary data is suggesting a short of ASO if it tests 52.52 with a downside target of 51.83. We should have a stop loss in place at 52.67 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, 52.52, 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 52.52, target 53.79, Stop Loss @ 52.4 Details
If 52.52 begins to break higher, the technical summary data tells us to buy ASO just slightly over 52.52, with an upside target of 53.79. The data also tells us to set a stop loss @ 52.4 in case the stock turns against the trade. 52.52 is the first level of resistance above 51.85, and by rule, any break above resistance is a buy signal. In this case, 52.52, 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 52.52, target 51.83, Stop Loss @ 52.64. Details
The technical summary data is suggesting a short of ASO if it tests 52.52 with a downside target of 51.83. We should have a stop loss in place at 52.64 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, 52.52, 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 July 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
51.83 |
| P2 |
52.44 |
50.24 |
61.18 |
| P3 |
53.79 |
52.52 |
70.86 |
AI Generated Signals for ASO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ASO:
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