Atmos Energy $ATO Technical Update – Stock Traders Daily

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Atmos Energy $ATO Technical Update

The Atmos Energy (NYSE: ATO) 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 ATO, 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 Strong Neutral Neutral
P1 99.24 93.32 92.44
P2 100.45 98.66 97.61
P3 101.16 103.76 102.59

Long Term Trading Plans for ATO

March 13, 2019, 3:30 am ET

The Technical Summary and Trading Plans for ATO 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 ATO Report.

ATO – (Long) Support Plan

The technical summary data tells us to buy ATO near 97.61 with an upside target of 102.59. This data also tells us to set a stop loss @ 97.35 to protect against excessive loss in case the stock begins to move against the trade. 97.61 is the first level of support below 101.4 , and by rule, any test of support is a buy signal. In this case, support 97.61 is being tested, a buy signal would exist.

ATO – (Short) Resistance Plan

The technical summary data is suggesting a short of ATO as it gets near 102.59 with a downside target of 97.61. We should have a stop loss in place at 102.85 though. 102.59 is the first level of resistance above 101.4, and by rule, any test of resistance is a short signal. In this case, if resistance 102.59 is being tested, a short signal would exist.

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