When the Price of Lancaster Colony $LANC Talks, People Listen

November 15, 2023, 01:15 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LANC

• Buy LANC slightly over 158.72 target 174.36 stop loss @ 158.26 Details

The technical summary data tells us to buy LANC near 158.72 with an upside target of 174.36. This data also tells us to set a stop loss @ 158.26 to protect against excessive loss in case the stock begins to move against the trade. 158.72 is the first level of support below 171.62 , and by rule, any test of support is a buy signal. In this case, support 158.72 would be being tested, so a buy signal would exist.

• Short LANC slightly under 174.36, target 158.72, stop loss @ 174.86 Details

The technical summary data is suggesting a short of LANC as it gets near 174.36 with a downside target of 158.72. We should have a stop loss in place at 174.86though. 174.36 is the first level of resistance above 171.62, and by rule, any test of resistance is a short signal. In this case, if resistance 174.36 is being tested, so a short signal would exist.

Swing Trading Plans for LANC

• Buy LANC slightly over 174.36, target 189.39, Stop Loss @ 173.86 Details

If 174.36 begins to break higher, the technical summary data tells us to buy LANC just slightly over 174.36, with an upside target of 189.39. The data also tells us to set a stop loss @ 173.86 in case the stock turns against the trade. 174.36 is the first level of resistance above 171.62, and by rule, any break above resistance is a buy signal. In this case, 174.36, 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 LANC slightly near 174.36, target 170.80, Stop Loss @ 174.86. Details

The technical summary data is suggesting a short of LANC if it tests 174.36 with a downside target of 170.80. We should have a stop loss in place at 174.86 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, 174.36, 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 LANC

• Buy LANC slightly over 174.36, target 189.39, Stop Loss @ 173.95 Details

If 174.36 begins to break higher, the technical summary data tells us to buy LANC just slightly over 174.36, with an upside target of 189.39. The data also tells us to set a stop loss @ 173.95 in case the stock turns against the trade. 174.36 is the first level of resistance above 171.62, and by rule, any break above resistance is a buy signal. In this case, 174.36, 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 LANC slightly near 174.36, target 170.80, Stop Loss @ 174.77. Details

The technical summary data is suggesting a short of LANC if it tests 174.36 with a downside target of 170.80. We should have a stop loss in place at 174.77 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, 174.36, 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 Lancaster Colony (LANC) available here: LANC.

LANC Ratings for November 15:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	158.72
P2	165.52	166.61	174.36
P3	169.06	170.80	189.39

AI Generated Signals for LANC

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lancaster Colony (NASDAQ: LANC) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LANC can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.