Learn to Evaluate (LII) using the Charts

May 28, 2024, 09:46 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LII

• Buy LII slightly over 497.12 target 524.27 stop loss @ 495.68 Details

The technical summary data tells us to buy LII near 497.12 with an upside target of 524.27. This data also tells us to set a stop loss @ 495.68 to protect against excessive loss in case the stock begins to move against the trade. 497.12 is the first level of support below 507.16 , and by rule, any test of support is a buy signal. In this case, support 497.12 is being tested, a buy signal would exist.

• Short LII slightly under 524.27, target 497.12, stop loss @ 525.78 Details

The technical summary data is suggesting a short of LII as it gets near 524.27 with a downside target of 497.12. We should have a stop loss in place at 525.78though. 524.27 is the first level of resistance above 507.16, and by rule, any test of resistance is a short signal. In this case, if resistance 524.27 is being tested, a short signal would exist.

Swing Trading Plans for LII

• Buy LII slightly over 524.27, target n/a, Stop Loss @ 522.76 Details

If 524.27 begins to break higher, the technical summary data tells us to buy LII just slightly over 524.27, with an upside target of n/a. The data also tells us to set a stop loss @ 522.76 in case the stock turns against the trade. 524.27 is the first level of resistance above 507.16, and by rule, any break above resistance is a buy signal. In this case, 524.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LII slightly near 524.27, target 503.06, Stop Loss @ 525.78. Details

The technical summary data is suggesting a short of LII if it tests 524.27 with a downside target of 503.06. We should have a stop loss in place at 525.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 524.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LII

• Buy LII slightly over 524.27, target n/a, Stop Loss @ 523.05 Details

If 524.27 begins to break higher, the technical summary data tells us to buy LII just slightly over 524.27, with an upside target of n/a. The data also tells us to set a stop loss @ 523.05 in case the stock turns against the trade. 524.27 is the first level of resistance above 507.16, and by rule, any break above resistance is a buy signal. In this case, 524.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LII slightly near 524.27, target 503.06, Stop Loss @ 525.49. Details

The technical summary data is suggesting a short of LII if it tests 524.27 with a downside target of 503.06. We should have a stop loss in place at 525.49 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 524.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Lennox International Inc. (LII) available here: LII.

LII Ratings for May 28:

AI Generated Signals for LII

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Lennox International Inc. (NYSE: LII) report below can help you understand how to do this. The trading plans for LII, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.