PAG- Long from support or at the break of resistance.

NYSE:PAG   Penske Automotive Group, Inc
PAG - seems getting ready for a second phase of upward run. Moneyflow is getting stronger. We would like to take a position it it breaks all time high or pull back to support.

Trade Details :-
Entry Target Criteria- break of $54.41, or pull back to 50.60 - 51.30,
Exit Target Criteria- Momentum
Stop Loss Criteria- TDA

You can check our detailed analysis on PAG in the trading room/ Executive summary link here-
Time Span- 0:31:00"
Trade Status: Pending
Comment: January 25th- Good upward move with higher volume. And traded into positive zone. Looking very good.
January 24th- Jumped up from MA50 and showing upward momentum. We like this as long.
January 18th- Went up & closed above EMA lines, still we like as long.
January 10th- Showing some strength now, Traded upward & closed above EMA lines. Consider holding for few more days.
January 5th- Pulled back to down side again, not looking good
January 4th- Strong reversal & closed above EMA lines. Looking good as long.
December 29th- seems to have found some support but a break below 51.00 and we would consider killing this trade. Updating our stop loss criteria to reflect.
December 28th- Not really looking very good recently. Need to watch carefully.
December 27th- Traded upward above EMA lines & MA20, but could not hold to it.
December 22nd- went down crossing below MA20, not looking good as Long.
December 20th- went up 1.85% with good volume, seems it resumed its upward run.
December 13th- Could not show the strength we expected, however still looks a valid long. Updating stoploss to $50.93
December 8th - Another upward move today. Updating stoploss to $49.93
December 7th- Broken all time high & hit breakout entry. Looking very good

Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at

Check out some of our free video examples @

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.