Martin Marietta MLM Technical Data

August 02, 2021, 10:15 am ET, BY THOMAS KEE – Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MLM

• Buy MLM over 360.32 target 383.86 stop loss @ 359.28 Details

The technical summary data tells us to buy MLM near 360.32 with an upside target of 383.86. This data also tells us to set a stop loss @ 359.28 to protect against excessive loss in case the stock begins to move against the trade. 360.32 is the first level of support below 367 , and by rule, any test of support is a buy signal. In this case, support 360.32 would be being tested, so a buy signal would exist.

• Short MLM under 383.86, target 360.32, stop loss @ 384.97 Details

The technical summary data is suggesting a short of MLM as it gets near 383.86 with a downside target of 360.32. We should have a stop loss in place at 384.97though. 383.86 is the first level of resistance above 367, and by rule, any test of resistance is a short signal. In this case, if resistance 383.86 is being tested, so a short signal would exist.

Swing Trading Plans for MLM

• Buy MLM over 370.69, target 383.86, Stop Loss @ 369.62 Details

If 370.69 begins to break higher, the technical summary data tells us to buy MLM just over 370.69, with an upside target of 383.86. The data also tells us to set a stop loss @ 369.62 in case the stock turns against the trade. 370.69 is the first level of resistance above 367, and by rule, any break above resistance is a buy signal. In this case, 370.69, 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 MLM near 370.69, target 360.32, Stop Loss @ 371.76. Details

The technical summary data is suggesting a short of MLM if it tests 370.69 with a downside target of 360.32. We should have a stop loss in place at 371.76 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, 370.69, 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 MLM

• Buy MLM over 370.69, target 374.76, Stop Loss @ 369.83 Details

If 370.69 begins to break higher, the technical summary data tells us to buy MLM just over 370.69, with an upside target of 374.76. The data also tells us to set a stop loss @ 369.83 in case the stock turns against the trade. 370.69 is the first level of resistance above 367, and by rule, any break above resistance is a buy signal. In this case, 370.69, 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 MLM near 370.69, target 362.91, Stop Loss @ 371.55. Details

The technical summary data is suggesting a short of MLM if it tests 370.69 with a downside target of 362.91. We should have a stop loss in place at 371.55 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, 370.69, 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.

MLM Technical Summary | Raw Data for the Trading Plans

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Martin Marietta (NYSE: MLM) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MLM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MLM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MLM too.  All of these are offered below the Summary Table.