AJG, a high quality stock, currently shows sound evidences for a buy.
- Double bottom formed and bounced at 61.8% fib level
- Uptrend line (blue) intact
- Stoch crossed up
{
"info": {
"close": 67.53,
"marketcap ($bil)": 12.31,
"name": "arthur j. gallagher & co.",
"sector": "finance",
"industry": "specialty insurers",
...
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
Price is likely to oscillate within the parallel channel.
Market is currently closed. No market activity presented so far. We ll try to find an entry price between 65.70 - 66.04 just after the opening bell.
Furthermore, a complimentary "If Done"...
nice simple setup
after breacking resistence at 45.5-46 price retested sucssesfully the area with a hammer candelstick in the weekly chart.
also price corrected 50% of last leg up
looking for a turnaround to new high
1st target at 48$
stop below 45$
GL
Although this pattern is reliable, there is a bullish doji star formed Friday's price action. If price opens above Friday's close and closes above Friday's high this downside breakout is nullified otherwise, the security is a good short candidate with price target $31.50 or 9% downside move. Confirmation is needed Monday!
Arthur J. Gallagher & Co. engages in the provision of insurance brokerage, consulting, and third party claims settlement and administration services to both domestic and international entities. It operates through the following business segments: Brokerage, Risk Management and Corporate. The Brokerage segment offers brokerage and consulting services to commercial, not-for-profit and public entities, and individuals in the areas of insurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment includes contract claim settlement, claim administration, loss control services and risk management consulting for commercial, not-for-profit, captive and public entities, and various other organizations that choose to self-insure property and casualty coverage or choose to use a third-party claims management organization rather than the claim services provided by an underwriting enterprise. The Corporate segment includes the financial information related to debt, clean energy investments, external acquisition-related expenses, and other corporate costs. The company was founded by Arthur J. Gallagher on October 1, 1927 and is headquartered in Rolling Meadows, IL.
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AJG
![AJG: AJG: Long in uptrend after consolidaiton [Swing]](https://s3.tradingview.com/s/sbhZEC37_mid.png "AJG: Long in uptrend after consolidaiton [Swing]")
![AJG: AJG: Potential long in up trend [Swing]](https://s3.tradingview.com/r/RNcjrItA_mid.png "AJG: Potential long in up trend [Swing]")
