When Lennox International (LII) Moves Investors should Listen

September 21, 2021, 05:15 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Lennox International (NYSE: LII) report below is a real world example. Included are trading plans for LII, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for LII

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short LII under 322.14, target n/a, stop loss @ 323.07 Details

The technical summary data is suggesting a short of LII as it gets near 322.14, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 323.07. 322.14 is the first level of resistance above 306.91, and by rule, any test of resistance is a short signal. In this case, if resistance 322.14 is being tested, so a short signal would exist.

Swing Trading Plans for LII

• Buy LII slightly over 309.72, target 322.14, Stop Loss @ 308.83 Details

If 309.72 begins to break higher, the technical summary data tells us to buy LII just slightly over 309.72, with an upside target of 322.14. The data also tells us to set a stop loss @ 308.83 in case the stock turns against the trade. 309.72 is the first level of resistance above 306.91, and by rule, any break above resistance is a buy signal. In this case, 309.72, 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 near 309.72, target 302.09, Stop Loss @ 310.61. Details

The technical summary data is suggesting a short of LII if it tests 309.72 with a downside target of 302.09. We should have a stop loss in place at 310.61 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, 309.72, 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 309.72, target 322.14, Stop Loss @ 309 Details

If 309.72 begins to break higher, the technical summary data tells us to buy LII just slightly over 309.72, with an upside target of 322.14. The data also tells us to set a stop loss @ 309 in case the stock turns against the trade. 309.72 is the first level of resistance above 306.91, and by rule, any break above resistance is a buy signal. In this case, 309.72, 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 near 309.72, target 304.55, Stop Loss @ 310.44. Details

The technical summary data is suggesting a short of LII if it tests 309.72 with a downside target of 304.55. We should have a stop loss in place at 310.44 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, 309.72, 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.

LII Ratings for September 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	322.14
P2	298.82	302.09	344.00
P3	304.55	309.72	366.45

Support and Resistance Plot Chart for LII

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