LFUS - When Littelfuse Moves Investors should Listen
How do we know what is going on behind the scenes of a company? According to Stock Traders Daily, a 20-year industry innovator, the best way to do this to to watch the price action in the stock. The Littelfuse (NASDAQ: LFUS) report below is a real world example. Included are trading plans for LFUS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 259.15 | |||
| P2 | |||
| 266.36 | |||
| 257.56 | |||
| 279.23 | |||
| P3 | |||
| 272.43 | |||
| 269.33 | |||
| 301.92 |
Long Term Trading Plans for LFUS
April 5, 2021, 7:30 pm ET
The Technical Summary and Trading Plans for LFUS 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 LFUS Report.
LFUS - (Long) Support Plan
The technical summary data tells us to buy LFUS near 259.15 with an upside target of 279.23. This data also tells us to set a stop loss @ 258.4 to protect against excessive loss in case the stock begins to move against the trade. 259.15 is the first level of support below 271.82 , and by rule, any test of support is a buy signal. In this case, support 259.15 would be being tested, so a buy signal would exist.
LFUS - (Short) Resistance Plan
The technical summary data is suggesting a short of LFUS as it gets near 279.23 with a downside target of 259.15. We should have a stop loss in place at 280.04though. 279.23 is the first level of resistance above 271.82, and by rule, any test of resistance is a short signal. In this case, if resistance 279.23 is being tested, so a short signal would exist.