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When the Price of Apogee Enterprises APOG Talks, People Listen

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Apogee Enterprises (NASDAQ: APOG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for APOG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Longer Term Trading Plans for APOG
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short APOG under 42.32, target n/a, stop loss @ 42.44 Details
  • The technical summary data is suggesting a short of APOG as it gets near 42.32, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 42.44. 42.32 is the first level of resistance above 40.01, and by rule, any test of resistance is a short signal. In this case, if resistance 42.32 is being tested, so a short signal would exist.

Swing Trading Plans for APOG
  • Buy APOG slightly over 41.72, target 42.32, Stop Loss @ 41.6 Details
  • If 41.72 begins to break higher, the technical summary data tells us to buy APOG just slightly over 41.72, with an upside target of 42.32. The data also tells us to set a stop loss @ 41.6 in case the stock turns against the trade. 41.72 is the first level of resistance above 40.01, and by rule, any break above resistance is a buy signal. In this case, 41.72, 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 APOG near 41.72, target n/a, Stop Loss @ 41.84. Details
  • The technical summary data is suggesting a short of APOG if it tests 41.72 with a downside target of n/a. We should have a stop loss in place at 41.84 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, 41.72, 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 APOG
  • Buy APOG slightly over 40.66, target 41.72, Stop Loss @ 40.57 Details
  • If 40.66 begins to break higher, the technical summary data tells us to buy APOG just slightly over 40.66, with an upside target of 41.72. The data also tells us to set a stop loss @ 40.57 in case the stock turns against the trade. 40.66 is the first level of resistance above 40.01, and by rule, any break above resistance is a buy signal. In this case, 40.66, 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 APOG near 40.66, target n/a, Stop Loss @ 40.75. Details
  • The technical summary data is suggesting a short of APOG if it tests 40.66 with a downside target of n/a. We should have a stop loss in place at 40.75 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, 40.66, 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.

APOG Ratings for June 13:

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 42.32
P2 40.66 41.72 46.51
P3 42.51 43.90 50.94
Triggers may have already come
Support and Resistance Plot Chart for APOG

APOG Long Term Analysis for June 13 2022

Blue = Current Price
Red= Resistance
Green = Support

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