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Martin Marietta Materials, Inc.MM

Martin Marietta Materials, Inc.

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MLM trade ideas

Trade Idea --- 8/10 Weekly and Daily breakout ---This is looking like a high probability trade setup. As long as there is no sudden rejection this week I think this one is in the clear to move higher. We may see a few days of consolidation, accompanied by candles with "scary" wicks, following the large price movement that we have seen thus far. RSI breakout on the daily. MACD zero line cross on the daily On above avg volume(but see the note on the chart) GMMA traders(Blue MAs) are compressed showing a move may occur soon(up or down; betting on up) ------------- RSI breakout on the weekly GMMA traders and investor(orange) groups are converging. As the MAs compress the likely hood of an explosive move is high. S&P IQ has a 5 star rating on them with a PT of $240. Additionally they are currently trading 16% below fair value according to their analysis. They have seen good growth(% wise for a midcap) in recent quarters, which can later be a good driver when the market is ready.
NLong
by gumbtg
1
Swing Trade Idea --- $MLM ---Details posted on the chart. -I am a fan of this chart. Not the kind of trade I would normally look at, but none the less I think It has potential to swing to the upside. Set an alert at the line breakout levels and consider buying when the technicals confirm the entry. -Always look for volume to confirm. -The orange and blue MAs are part of the GMMA methodology, created by Daryl Guppy Follow for more. As always comments are welcomed and appreciated.
N
by gumbtg
short mlm for a few daysa huge selling is being expected for martin marietta materials(mlm) , according to hourly the macd has been showing a great bearish divergence, a strong reversal from 200 sma in hourly with already strong sell in the daily timeframe just below 50 sma which is at $165.76. in the 30 min timeframe macd has already crossed below 0 and hoping around 50 sma which shows a huge upcoming smashing waves to downwards. 1st target- 158 ( at 100 period sma of daily timeframe) 2nd target- 145( around 200 sma of daily). stop just above 165-166( above 50 sma of daily timeframe)
NShort
by krishnan.karthik.98