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$ALTR | ($ALTR) Technical Pivots with Risk Controls (ALTR)

By Thomas Kee

$ALTR | ($ALTR) Technical Pivots with Risk Controls (ALTR)

The technical summary data tells us to buy ALTR near 86.38 with an upside target of 95.45. This data also tells us to set a stop loss @ 86.13 to protect against excessive loss in case the stock begins to move against the trade. 86.38 is the first level of support below 91.3 , and by rule, any test of support is a buy signal. In this case, support 86.38 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of ALTR as it gets near 95.45 with a downside target of 86.38. We should have a stop loss in place at 95.73though. 95.45 is the first level of resistance above 91.3, and by rule, any test of resistance is a short signal. In this case, if resistance 95.45 is being tested, so a short signal would exist.

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