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$AGCO | ($AGCO) Long Term Investment Analysis (AGCO)

By Thomas Kee

$AGCO | ($AGCO) Long Term Investment Analysis (AGCO)

The technical summary data tells us to buy AGCO near 84.01 with an upside target of 92.63. This data also tells us to set a stop loss @ 83.77 to protect against excessive loss in case the stock begins to move against the trade. 84.01 is the first level of support below 91.86 , and by rule, any test of support is a buy signal. In this case, support 84.01 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of AGCO as it gets near 92.63 with a downside target of 84.01. We should have a stop loss in place at 92.9though. 92.63 is the first level of resistance above 91.86, and by rule, any test of resistance is a short signal. In this case, if resistance 92.63 is being tested, so a short signal would exist.

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