Autonation $AN Trading Report

June 10, 2023, 08:30 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AN

• Buy AN slightly over 133.50 target 148.25 stop loss @ 133.11 Details

The technical summary data tells us to buy AN near 133.50 with an upside target of 148.25. This data also tells us to set a stop loss @ 133.11 to protect against excessive loss in case the stock begins to move against the trade. 133.50 is the first level of support below 141.97 , and by rule, any test of support is a buy signal. In this case, support 133.50 is being tested, a buy signal would exist.

• Short AN slightly under 148.25, target 133.50, stop loss @ 148.68 Details

The technical summary data is suggesting a short of AN as it gets near 148.25 with a downside target of 133.50. We should have a stop loss in place at 148.68though. 148.25 is the first level of resistance above 141.97, and by rule, any test of resistance is a short signal. In this case, if resistance 148.25 is being tested, a short signal would exist.

Swing Trading Plans for AN

• Buy AN slightly over 143.74, target 148.25, Stop Loss @ 143.32 Details

If 143.74 begins to break higher, the technical summary data tells us to buy AN just slightly over 143.74, with an upside target of 148.25. The data also tells us to set a stop loss @ 143.32 in case the stock turns against the trade. 143.74 is the first level of resistance above 141.97, and by rule, any break above resistance is a buy signal. In this case, 143.74, 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 AN slightly near 143.74, target 136.45, Stop Loss @ 144.16. Details

The technical summary data is suggesting a short of AN if it tests 143.74 with a downside target of 136.45. We should have a stop loss in place at 144.16 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, 143.74, 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 AN

• Buy AN slightly over 143.74, target 146.79, Stop Loss @ 143.4 Details

If 143.74 begins to break higher, the technical summary data tells us to buy AN just slightly over 143.74, with an upside target of 146.79. The data also tells us to set a stop loss @ 143.4 in case the stock turns against the trade. 143.74 is the first level of resistance above 141.97, and by rule, any break above resistance is a buy signal. In this case, 143.74, 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 AN slightly near 143.74, target 140.72, Stop Loss @ 144.08. Details

The technical summary data is suggesting a short of AN if it tests 143.74 with a downside target of 140.72. We should have a stop loss in place at 144.08 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, 143.74, 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.

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AN Ratings for June 10:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	119.64
P2	140.72	136.45	133.50
P3	146.79	143.74	148.25

Support and Resistance Plot Chart for AN

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Trading or Investing in Autonation (NYSE: AN) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AN too.  All of these are offered below the Summary Table.