pool adsLeggett & Platt $LEG Trading Report
The Leggett & Platt (NYSE: LEG) 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 LEG, 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 | Neutral | Weak | Weak |
| P1 | 0 | 0 | 26.59 |
| P2 | 29.00 | 27.77 | 37.48 |
| P3 | 30.63 | 30.87 | 47.45 |
Support and Resistance Plot Chart for LEG
Long Term Trading Plans for LEG
May 26, 2020, 3:45 pm ET
The Technical Summary and Trading Plans for LEG 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 LEG Report.
LEG - (Long) Support Plan
The technical summary data tells us to buy LEG near 26.59 with an upside target of 37.48. This data also tells us to set a stop loss @ 26.33 to protect against excessive loss in case the stock begins to move against the trade. 26.59 is the first level of support below 31.69 , and by rule, any test of support is a buy signal. In this case, support 26.59 would be being tested, so a buy signal would exist.
LEG - (Short) Resistance Plan
The technical summary data is suggesting a short of LEG as it gets near 37.48 with a downside target of 26.59. We should have a stop loss in place at 37.74 though. 37.48 is the first level of resistance above 31.69, and by rule, any test of resistance is a short signal. In this case, if resistance 37.48 is being tested, so a short signal would exist.
