How the (MLM) price action is used to our Advantage
December 01, 2024, 08:10 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MLM
- Buy MLM near 578.31 target 634.42 stop loss @ 576.64 Details
The technical summary data tells us to buy MLM near 578.31 with an upside target of 634.42. This data also tells us to set a stop loss @ 576.64 to protect against excessive loss in case the stock begins to move against the trade. 578.31 is the first level of support below 600 , and by rule, any test of support is a buy signal. In this case, support 578.31 is being tested, a buy signal would exist.
- Short MLM slightly under 634.42, target 578.31, stop loss @ 636.25 Details
The technical summary data is suggesting a short of MLM as it gets near 634.42 with a downside target of 578.31. We should have a stop loss in place at 636.25though. 634.42 is the first level of resistance above 600, and by rule, any test of resistance is a short signal. In this case, if resistance 634.42 is being tested, a short signal would exist.
Swing Trading Plans for MLM
- Buy MLM slightly over 605.63, target 634.42, Stop Loss @ 603.88 Details
If 605.63 begins to break higher, the technical summary data tells us to buy MLM just slightly over 605.63, with an upside target of 634.42. The data also tells us to set a stop loss @ 603.88 in case the stock turns against the trade. 605.63 is the first level of resistance above 600, and by rule, any break above resistance is a buy signal. In this case, 605.63, 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 605.63, target 584.53, Stop Loss @ 607.38. Details
The technical summary data is suggesting a short of MLM if it tests 605.63 with a downside target of 584.53. We should have a stop loss in place at 607.38 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, 605.63, 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 604.49, target 605.63, Stop Loss @ 603.08 Details
If 604.49 begins to break higher, the technical summary data tells us to buy MLM just slightly over 604.49, with an upside target of 605.63. The data also tells us to set a stop loss @ 603.08 in case the stock turns against the trade. 604.49 is the first level of resistance above 600, and by rule, any break above resistance is a buy signal. In this case, 604.49, 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 604.49, target 593.48, Stop Loss @ 605.9. Details
The technical summary data is suggesting a short of MLM if it tests 604.49 with a downside target of 593.48. We should have a stop loss in place at 605.9 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, 604.49, 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 Materials Inc. (MLM) available here: MLM.
MLM Ratings for December 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
524.63 |
| P2 |
593.48 |
584.53 |
578.31 |
| P3 |
604.49 |
605.63 |
634.42 |
AI Generated Signals for MLM
Blue = Current Price
Red= Resistance
Green = Support
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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 Materials Inc. (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.
Fundamental Charts for MLM:
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