Entry: with price above 219.23
Volume: with volume greater than 955k
Target: 243.31 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 219.24, 207.22 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
The PEAD projected a Bullish outlook for $AJG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
The PEAD projected a Bullish outlook for $AJG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
AJG has weathered the down turn in the market very well so far. Price is sitting above the .236 of the trend up.
Price is in side a Rising Wedge that is not valid until the bottom trendline is broken. This can be a long term pattern, but I have noted these usually break in a more timely manner since we have been in a bear market.
A rising wedge is a reversal...
AJG is completing a nicely-formed buying point. We are looking for the next day in which the close is likely to be above the open. Let's watch this one with a buy reference point of today's close.
Notes:
I last spoke about this on July 26, 2022 and since then gone up but came back down erasing almost all of the gains. If you didn't take profits earlier on its gap up that's okay as it seems like $AJG may be making the handle to its cup. Keep an eye on the $170 area as it should hold as support.
It seems now that the earnings reaction has passed it may...
Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Basing for the past ~7 months
* Offering a very low risk entry
* Recently saw a retest of its 50 day line
* Held up really well while the general market and the Financial sector where taking a beating
Technicals:
Sector: Financial - Insurance Brokers
Relative Strength vs. Sector:...
The stock AJG on our US watchlist just broke out of a sound base and triggered a buy signal. We are adding a 1/4 position of AJG to our US model portfolio.
All stocks on our watchlist meet the criteria according to Mark Minervini's trend template and have sound fundamental data.
The title says it all. after a breakout the stock has been going sideways in a VCP while the market has been dropping.
While not really a growth name, and the market conditions are pretty bad.. worth a 1/3 size play IMO AJG
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a tight range of ~3.35% with slightly higher than average volume
* I originally mentioned this as it was breaking out of the cup with handle pattern at $153.09
* It has since then move higher and then started to consolidate
* Even as the financial...
I last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there.
Due to the current market correction the stock did slow down but now is looking to continue its move.
The tight consolidation it was in during this short correction indicates that institutions were...
AJG appears to be carving out a double top pattern, accompanied by triple momentum divergence. Bearish exposure should be rewarded on follow through below yesterdays lows and through the pivot at 148 targeting a retest of range support sited at 135.50
General Info:
* Great earnings quarter over quarter
* Strong up trend
* Looking to break from ~4 month consolidation
* Volume drying up as it approaches resistance of $154
Trade idea:
* Wait for a daily close above $154 for a confirmation.
* Even after the break this may consolidate for a while as it's drying up on volume
* Or it may consolidate for a while...
