AJG trade ideas
AJG longAJG, a high quality stock, currently shows sound evidences for a buy.
- Double bottom formed and bounced at 61.8% fib level
- Uptrend line (blue) intact
- Stoch crossed up
{
"info": {
"close ": 67.53,
"marketcap ($bil)": 12.31,
"name": "arthur j. gallagher & co.",
"sector": "finance",
"industry": "specialty insurers",
"country": "united states"
},
"val": {
"peg_k": 2.24629761,
"fp2e_k": 18.91596639,
"p2e_k": 26.58661417,
"p2e": 18.20215633,
"p2bv": 2.76700997,
"p2sales": 1.90232948,
"p2fcf": 36.56516927,
"ev2ebitda": 21.52956642,
"ev2ebitda_k": 22.97461712
},
"val2_k": 16,
"val2_q": 15,
"qual2_k": 54,
"qual2_q": 45,
"qual3_k": 54
}
AJG Sort OpportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
Price is likely to oscillate within the parallel channel.
Market is currently closed. No market activity presented so far. We ll try to find an entry price between 65.70 - 66.04 just after the opening bell.
Furthermore, a complimentary "If Done" analysis that maximizes exposure to risk, but at the same time exchanges acquired profit to zero losses in order to double initial profit.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Downside BreakoutAlthough this pattern is reliable, there is a bullish doji star formed Friday's price action. If price opens above Friday's close and closes above Friday's high this downside breakout is nullified otherwise, the security is a good short candidate with price target $31.50 or 9% downside move. Confirmation is needed Monday!