October 30, 2024, 04:10 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MLM
- Buy MLM near 574.98 target 632.27 stop loss @ 573.32 Details
The technical summary data tells us to buy MLM near 574.98 with an upside target of 632.27. This data also tells us to set a stop loss @ 573.32 to protect against excessive loss in case the stock begins to move against the trade. 574.98 is the first level of support below 583.88 , and by rule, any test of support is a buy signal. In this case, support 574.98 is being tested, a buy signal would exist.
- Short MLM slightly under 632.27, target 574.98, stop loss @ 634.1 Details
The technical summary data is suggesting a short of MLM as it gets near 632.27 with a downside target of 574.98. We should have a stop loss in place at 634.1though. 632.27 is the first level of resistance above 583.88, and by rule, any test of resistance is a short signal. In this case, if resistance 632.27 is being tested, a short signal would exist.
Swing Trading Plans for MLM
- Buy MLM slightly over 585.63, target 632.27, Stop Loss @ 583.94 Details
If 585.63 begins to break higher, the technical summary data tells us to buy MLM just slightly over 585.63, with an upside target of 632.27. The data also tells us to set a stop loss @ 583.94 in case the stock turns against the trade. 585.63 is the first level of resistance above 583.88, and by rule, any break above resistance is a buy signal. In this case, 585.63, 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 585.63, target 574.98, Stop Loss @ 587.32. Details
The technical summary data is suggesting a short of MLM if it tests 585.63 with a downside target of 574.98. We should have a stop loss in place at 587.32 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, 585.63, 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 585.63, target 586.3, Stop Loss @ 584.26 Details
If 585.63 begins to break higher, the technical summary data tells us to buy MLM just slightly over 585.63, with an upside target of 586.3. The data also tells us to set a stop loss @ 584.26 in case the stock turns against the trade. 585.63 is the first level of resistance above 583.88, and by rule, any break above resistance is a buy signal. In this case, 585.63, 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 585.63, target 579.3, Stop Loss @ 587. Details
The technical summary data is suggesting a short of MLM if it tests 585.63 with a downside target of 579.3. We should have a stop loss in place at 587 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, 585.63, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Martin Marietta Materials Inc. (MLM) available here: MLM.
MLM Ratings for October 30:
| Term → |
Near |
Mid |
Long |
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
519.83 |
| P2 |
579.3 |
567.73 |
574.98 |
| P3 |
586.3 |
585.63 |
632.27 |
AI Generated Signals for MLM
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 Martin Marietta Materials Inc. (NYSE: MLM) report below is a real world example. Included are trading plans for MLM, 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 MLM:
