ODFL - How to Develop Investment Plans for Old Dominion Freight Lns #ODFL
#Investors in Old Dominion Freight Lns (NASDAQ: ODFL) like to make good #decisions, that means they like to #buyandsell at the right times, and to do that the best tools involve charts, pivot points, and the technical data. Below, we have provided a snapshot for ODFL that reveals this information at the time of this article. The data can be used to improve the timing of buy and sell decisions. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 222.36 | |||
| P2 | |||
| 263.89 | |||
| 263.11 | |||
| 237.61 | |||
| P3 | |||
| 267.15 | |||
| 267.88 | |||
| 252.01 |
Long Term Trading Plans for ODFL
May 7, 2021, 6:30 am ET
The Technical Summary and Trading Plans for ODFL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ODFL Report.
ODFL - (Long) Support Plan
The technical summary data tells us to buy ODFL near 252.01, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 251.28 to protect against excessive loss in case the stock begins to move against the trade. 252.01 is the first level of support below 264.96, and by rule, any test of support is a buy signal. In this case, if support 252.01 is being tested, a buy signal would exist.
ODFL - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.