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Applied Industrial Technologies, Inc.Applied Industrial Technologies, Inc.Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc.

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AIT trade ideas

AIT - One of the Best Charts I think I have ever seenI"ve been buying small caps on their earnings days for the last few weeks...with promise of interest rate cuts and all you know:). I'm buying the day before if there is a morning report or the day of if it's an evening report. I'm 5 for 7. Last one was ONTO. I sell them quickly the day after I buy them while we're in this weird market. I had never heard of most of the trades I played this game on. This chart is one of the best charts I think I have ever seen. I don't yet know what the heck they do, or who they are...I will this weekend though:). I will likely be interested on the 14th and in the days leading up to enter. I could hold this for the next 6 months and be happy I think.
NYSE:AITLong
by Mr_Robbers
AIT - Buy the dipsAIT first gapped strongly of a long term sideway consolidatin on 11 Aug (earnngs beat) but soon gave back all the gains as it started another round of consolidation (this time forming a rounded bottom). It is not uncommon to see "false/failed breakup" especially during periods of uncertainties in overall market. What is important is to note the "relative strength" of the stock in comparison to the index. The cup consolidation was forming with a higher low (on weekly) while S&P500 was making new lows, not to mention that AIT is also well above it's 200day Moving Average, showing good relative strength to the market. AIT finally broke out of a cup consolidation last Friday, probably in anticipation of earnings that is expected out on 3 Nov. There is a chance that the stock could continue to go higher with it's new support @140, or, it could once again attempt another smaller pullback, this time to form the "handle" of the cup that was formed. I would put initial stop loss just below 136. Let's see what happens. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:AITLong
by Juliac
AIT, TIME TO BUY?Hello fellow traders and investors, here's a trade idea on ticker: AIT If you enjoy the content I publish please like and follow for more! AIT has recently sold off to the 80SMA which has been a strong level of support in the past. If it makes a recovery to the take-profit area it offers a 17% ROI. Technicals: The RSI is oversold The MA's are still in a downtrend The 80SMA has previously acted as a key level for AIT and is currently acting as a support When To Buy: When the moving averages crossover When To Sell: At the take profit area Fundamentals: AIT engages in the manufacture and distribution of industrial parts and products. Market Cap: 3.45Billion dollars Sales Last 12 Months: 3.07Billion dollars P/E: 30.56 P/S: 1.12 Debt/Equity: 0.91 Sales growth Q/Q: 1.20% EPS growth Q/Q: 165.70% Profit Margin: 3.80% Short Float: 1.13% Rating: 70/100 since technicals are pretty good and the fundamentals are decent because their growth is pretty stagnant. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, share and comment your thoughts. If you have any questions send me a message and I'll gladly respond. Thanks!
NYSE:AITLong
by UnknownUnicorn11084119
1
$AIT - Professional Bull Trap Triple top formation but seeing as we're $.05 away from ATH, quick scalp trade to the upside wouldn't hurt with proper risk management. Somewhat of a reminder of $AAPL's chart back in Feb (9th). Big dip, before new ATH, then another dip back down to 200 EMA. Confirmation of a breakout would be white EMA (55, low) above 180 WMA - regardless of momentum. Seeing as momentum is definitely on bulls side though, I'd like to keep (put/short) entry @ or around $76.70 without keeping a tight stop. Stop preferably above 314% of $78.60 & either avg up with price or add to position if price clearly breaks $74.20 (red 50% fib). Bull trap starts AFTER new ATH is reached. Until then, don't get caught in a temporary bear trap
NYSE:AITShort
by DerekD_