Longer Term Trading Plans for ATLCP
- Buy ATLCP near 22.72 target 23.35 stop loss @ 22.65
- Short ATLCP slightly under 23.35, target 22.72, stop loss @ 23.42
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May 21, 2025, 00:06 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy ATLCP near 22.72 with an upside target of 23.35. This data also tells us to set a stop loss @ 22.65 to protect against excessive loss in case the stock begins to move against the trade. 22.72 is the first level of support below 23.25 , and by rule, any test of support is a buy signal. In this case, support 22.72 would be being tested, so a buy signal would exist.
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