LB - Managing Risk in L Brands Inc by Using Price Action
This price action in L Brands Inc (NYSE: LB) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for LB below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a 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 | |||
| 50.41 | |||
| P2 | |||
| 66.84 | |||
| 66.43 | |||
| 55.85 | |||
| P3 | |||
| 68.15 | |||
| 68.52 | |||
| 61.57 |
Long Term Trading Plans for LB
April 15, 2021, 5:00 am ET
The Technical Summary and Trading Plans for LB 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 LB Report.
LB - (Long) Support Plan
The technical summary data tells us to buy LB near 61.57, 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 61.39 to protect against excessive loss in case the stock begins to move against the trade. 61.57 is the first level of support below 66.8, and by rule, any test of support is a buy signal. In this case, if support 61.57 is being tested, a buy signal would exist.
LB - (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.