Trading Lancaster Colony (NASDAQ: LANC) or any other stock for that matter requires a degree of disciple that not every investor has. Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it. The data we offer below for LANC has been compiled in such as way as to demonstrate how to do this using a real-time example. 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 | Neutral | Strong |
P1 | 0 | 0 | 176.45 |
P2 | 176.63 | 174.92 | 187.59 |
P3 | 180.39 | 179.44 | 197.34 |
Long Term Trading Plans for LANC
March 9, 2021, 2:45 am ET
The Technical Summary and Trading Plans for LANC 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 LANC Report.
LANC - (Long) Support Plan
The technical summary data tells us to buy LANC near 176.45 with an upside target of 187.59. This data also tells us to set a stop loss @ 175.94 to protect against excessive loss in case the stock begins to move against the trade. 176.45 is the first level of support below 181.42 , and by rule, any test of support is a buy signal. In this case, support 176.45 would be being tested, so a buy signal would exist.
LANC - (Short) Resistance Plan
The technical summary data is suggesting a short of LANC as it gets near 187.59 with a downside target of 176.45. We should have a stop loss in place at 188.13though. 187.59 is the first level of resistance above 181.42, and by rule, any test of resistance is a short signal. In this case, if resistance 187.59 is being tested, so a short signal would exist.