When (ATR) Moves Investors should Listen
August 08, 2024, 23:16 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ATR
- Buy ATR slightly over 141.44 target 148.1 stop loss @ 141.03 Details
The technical summary data tells us to buy ATR near 141.44 with an upside target of 148.1. This data also tells us to set a stop loss @ 141.03 to protect against excessive loss in case the stock begins to move against the trade. 141.44 is the first level of support below 145.56 , and by rule, any test of support is a buy signal. In this case, support 141.44 would be being tested, so a buy signal would exist.
- Short ATR slightly under 148.1, target 141.44, stop loss @ 148.53 Details
The technical summary data is suggesting a short of ATR as it gets near 148.1 with a downside target of 141.44. We should have a stop loss in place at 148.53though. 148.1 is the first level of resistance above 145.56, and by rule, any test of resistance is a short signal. In this case, if resistance 148.1 is being tested, so a short signal would exist.
Swing Trading Plans for ATR
- Buy ATR slightly over 147.12, target 148.1, Stop Loss @ 146.7 Details
If 147.12 begins to break higher, the technical summary data tells us to buy ATR just slightly over 147.12, with an upside target of 148.1. The data also tells us to set a stop loss @ 146.7 in case the stock turns against the trade. 147.12 is the first level of resistance above 145.56, and by rule, any break above resistance is a buy signal. In this case, 147.12, 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 ATR slightly near 147.12, target 142.27, Stop Loss @ 147.54. Details
The technical summary data is suggesting a short of ATR if it tests 147.12 with a downside target of 142.27. We should have a stop loss in place at 147.54 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, 147.12, 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 ATR
- Buy ATR slightly over 147.12, target 147.51, Stop Loss @ 146.78 Details
If 147.12 begins to break higher, the technical summary data tells us to buy ATR just slightly over 147.12, with an upside target of 147.51. The data also tells us to set a stop loss @ 146.78 in case the stock turns against the trade. 147.12 is the first level of resistance above 145.56, and by rule, any break above resistance is a buy signal. In this case, 147.12, 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 ATR slightly near 147.12, target 143.77, Stop Loss @ 147.46. Details
The technical summary data is suggesting a short of ATR if it tests 147.12 with a downside target of 143.77. We should have a stop loss in place at 147.46 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, 147.12, 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 Aptargroup Inc. (ATR) available here: ATR.
ATR Ratings for August 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
141.44 |
| P2 |
143.77 |
142.27 |
148.1 |
| P3 |
147.51 |
147.12 |
154.61 |
AI Generated Signals for ATR
Blue = Current Price
Red= Resistance
Green = Support
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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 Aptargroup Inc. (NYSE: ATR) report below is a real world example. Included are trading plans for ATR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ATR:
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