Technical Analysis

Longer Term Trading Plans for AMR

• 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 AMR slightly under 166.5, target n/a, stop loss @ 166.98 Details

The technical summary data is suggesting a short of AMR as it gets near 166.5, 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 166.98. 166.5 is the first level of resistance above 145.22, and by rule, any test of resistance is a short signal. In this case, if resistance 166.5 is being tested, so a short signal would exist.

Swing Trading Plans for AMR

• Buy AMR slightly over 150.78, target 166.5, Stop Loss @ 150.34 Details

If 150.78 begins to break higher, the technical summary data tells us to buy AMR just over 150.78, with an upside target of 166.5. The data also tells us to set a stop loss @ 150.34 in case the stock turns against the trade. 150.78 is the first level of resistance above 145.22, and by rule, any break above resistance is a buy signal. In this case, 150.78, 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 AMR slightly near 150.78, target 141.79, Stop Loss @ 151.22. Details

The technical summary data is suggesting a short of AMR if it tests 150.78 with a downside target of 141.79. We should have a stop loss in place at 151.22 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, 150.78, 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 AMR

• Buy AMR slightly over 148.52, target 150.78, Stop Loss @ 148.17 Details

If 148.52 begins to break higher, the technical summary data tells us to buy AMR just over 148.52, with an upside target of 150.78. The data also tells us to set a stop loss @ 148.17 in case the stock turns against the trade. 148.52 is the first level of resistance above 145.22, and by rule, any break above resistance is a buy signal. In this case, 148.52, 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 AMR slightly near 148.52, target 141.79, Stop Loss @ 148.87. Details

The technical summary data is suggesting a short of AMR if it tests 148.52 with a downside target of 141.79. We should have a stop loss in place at 148.87 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, 148.52, 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.

AMR Technical Summary | Raw Data for the Trading Plans