LENNAR $LEN Technical Update
The LENNAR (NYSE: LEN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for LEN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Weak | Neutral | Neutral |
P1 | 50.27 | 49.78 | 43.58 |
P2 | 51.65 | 52.86 | 50.12 |
P3 | 53.31 | 55.75 | 56.73 |
Support and Resistance Plot Chart for LEN
Long Term Trading Plans for LEN
August 15, 2018, 3:30 pm ET
The Technical Summary and Trading Plans for LEN 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 LEN Report.
LEN - (Long) Support Plan
Buy over 50.12 target 56.73 stop loss @ 49.86.
The technical summary data tells us to buy LEN near 50.12 with an upside target of 56.73. This data also tells us to set a stop loss @ 49.86 to protect against excessive loss in case the stock begins to move against the trade. 50.12 is the first level of support below 50.15 , and by rule, any test of support is a buy signal. In this case, support 50.12 is being tested, a buy signal would exist.
LEN - (Short) Resistance Plan
Short under 56.73 target 50.12 stop loss @ 56.99
The technical summary data is suggesting a short of LEN as it gets near 56.73 with a downside target of 50.12. We should have a stop loss in place at 56.99 though. 56.73 is the first level of resistance above 50.15, and by rule, any test of resistance is a short signal. In this case, if resistance 56.73 is being tested, a short signal would exist.