ODFL - How to Evaluate Old Dominion Freight Lns by Looking at the Charts
When influential investors make decisions to buy and sell securities, they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Old Dominion Freight Lns (NASDAQ: ODFL) report below can help you understand how to do this. The trading plans for ODFL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report 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 | |||
| 204.64 | |||
| P2 | |||
| 215.43 | |||
| 213.22 | |||
| 221.27 | |||
| P3 | |||
| 220.54 | |||
| 219.84 | |||
| 235.84 |
Long Term Trading Plans for ODFL
February 28, 2021, 4:30 pm 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 204.64 with an upside target of 221.27. This data also tells us to set a stop loss @ 204.05 to protect against excessive loss in case the stock begins to move against the trade. 204.64 is the first level of support below 214.77 , and by rule, any test of support is a buy signal. In this case, support 204.64 would be being tested, so a buy signal would exist.
ODFL - (Short) Resistance Plan
The technical summary data is suggesting a short of ODFL as it gets near 221.27 with a downside target of 204.64. We should have a stop loss in place at 221.91though. 221.27 is the first level of resistance above 214.77, and by rule, any test of resistance is a short signal. In this case, if resistance 221.27 is being tested, so a short signal would exist.