pool adsLindsay $LNN Technical Update
The Lindsay (NYSE: LNN) 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 LNN, 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 | Strong | Neutral | Neutral |
| P1 | 103.96 | 89.00 | 87.42 |
| P2 | 106.76 | 99.82 | 97.66 |
| P3 | 109.73 | 110.08 | 107.86 |
Support and Resistance Plot Chart for LNN
Long Term Trading Plans for LNN
November 12, 2018, 10:30 am ET
The Technical Summary and Trading Plans for LNN 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 LNN Report.
LNN - (Long) Support Plan
Buy over 97.66 target 107.86 stop loss @ 97.4.
The technical summary data tells us to buy LNN near 97.66 with an upside target of 107.86. This data also tells us to set a stop loss @ 97.4 to protect against excessive loss in case the stock begins to move against the trade. 97.66 is the first level of support below 105.67 , and by rule, any test of support is a buy signal. In this case, support 97.66 is being tested, a buy signal would exist.
LNN - (Short) Resistance Plan
Short under 107.86 target 97.66 stop loss @ 108.12
The technical summary data is suggesting a short of LNN as it gets near 107.86 with a downside target of 97.66. We should have a stop loss in place at 108.12 though. 107.86 is the first level of resistance above 105.67, and by rule, any test of resistance is a short signal. In this case, if resistance 107.86 is being tested, a short signal would exist.
