AME is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
A clear signal has emerged for Ametek (AME) on the daily chart. The stock is trading at $218.29, down 0.16% on the day. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.58x avg) with moderate trend strength (12.0). A potential breakout level is identified at $207.32, targeting $172.97 with support near $221.08 (R:R 2.5).
What is your outlook on AME?