pool adsLa-z-boy $LZB Trading Report
The La-z-boy (NYSE: LZB) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for LZB, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Weak |
| P1 | 0 | 0 | 18.46 |
| P2 | 26.21 | 25.89 | 23.91 |
| P3 | 26.94 | 27.48 | 28.81 |
Support and Resistance Plot Chart for LZB
Long Term Trading Plans for LZB
July 13, 2020, 1:30 am ET
The Technical Summary and Trading Plans for LZB 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 LZB Report.
LZB - (Long) Support Plan
The technical summary data tells us to buy LZB near 23.91 with an upside target of 28.81. This data also tells us to set a stop loss @ 23.65 to protect against excessive loss in case the stock begins to move against the trade. 23.91 is the first level of support below 26.94 , and by rule, any test of support is a buy signal. In this case, support 23.91 is being tested, a buy signal would exist.
LZB - (Short) Resistance Plan
The technical summary data is suggesting a short of LZB as it gets near 28.81 with a downside target of 23.91. We should have a stop loss in place at 29.07 though. 28.81 is the first level of resistance above 26.94, and by rule, any test of resistance is a short signal. In this case, if resistance 28.81 is being tested, a short signal would exist.
