Applied Industrial $AIT Technical Update – Stock Traders Daily

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Applied Industrial $AIT Technical Update

The Applied Industrial (NYSE: AIT) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AIT, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 76.54 76.15 70.32
P2 78.02 79.70 76.44
P3 79.03 82.86 82.37

Long Term Trading Plans for AIT

October 4, 2018, 9:15 am ET

The Technical Summary and Trading Plans for AIT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AIT Report.

AIT – (Long) Support Plan

Buy over 76.44 target 82.37 stop loss @ 76.18.
The technical summary data tells us to buy AIT near 76.44 with an upside target of 82.37. This data also tells us to set a stop loss @ 76.18 to protect against excessive loss in case the stock begins to move against the trade. 76.44 is the first level of support below 78.33 , and by rule, any test of support is a buy signal. In this case, support 76.44 is being tested, a buy signal would exist.

AIT – (Short) Resistance Plan

Short under 82.37 target 76.44 stop loss @ 82.63
The technical summary data is suggesting a short of AIT as it gets near 82.37 with a downside target of 76.44. We should have a stop loss in place at 82.63 though. 82.37 is the first level of resistance above 78.33, and by rule, any test of resistance is a short signal. In this case, if resistance 82.37 is being tested, a short signal would exist.

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