How to Trade Old Dominion Freight Lns $ODFL With Risk Controls
Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Old Dominion Freight Lns (NASDAQ: ODFL) report below can help you, but we have more details too. The trading plans for ODFL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
20 Years Managing Risk! Defense Wins Championships
Evitar Corte Proves it (chart below):
- Performance is a natural byproduct of Risk Control
- Evitar beats SPX by 943% since 1992 on 10 trades
- Evitar tells you when to play defense
- Evitar uses the FOMC as an indicator
- Evitar may be The Most Efficient Model Ever!
- Evitar is designed to protect entire portfolios
- We also show you HOW to protect within seconds
- Our method makes playing defense easy
- We tell you When, How, and Why
- Subscribe to see for yourself...
Our Strategies and Models Have Been Featured Many Times, in Many Places:
Sign Up for Free Trial
Review the ODFL Trading Plans:
Long Term Trading Plans for ODFL
November 22, 2020, 2:45 am ET
The Technical Summary and Trading Plans for ODFL 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 ODFL Report.
ODFL - (Long) Support Plan
The technical summary data tells us to buy ODFL near 202.90 with an upside target of 217.68. This data also tells us to set a stop loss @ 202.31 to protect against excessive loss in case the stock begins to move against the trade. 202.90 is the first level of support below 205.62 , and by rule, any test of support is a buy signal. In this case, support 202.90 is being tested, a buy signal would exist.
ODFL - (Short) Resistance Plan
The technical summary data is suggesting a short of ODFL as it gets near 217.68 with a downside target of 202.90. We should have a stop loss in place at 218.31 though. 217.68 is the first level of resistance above 205.62, and by rule, any test of resistance is a short signal. In this case, if resistance 217.68 is being tested, a short signal would exist.