Managing Risk in L Brands Inc LB by Using Price Action

June 04, 2021, 21:15 pm ET, BY Robert S. - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The #priceaction in L Brands Inc (NYSE: LB) can help investors find #opportunity and integrate #riskmanagement  tools.  Stock Traders Daily has demonstrated that in this article.  Review The plans for LB below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Technical Summary

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 61.40
P2 66.03 66.84 67.53
P3 68.16 70.70 73.53
⚠Triggers may have already come
Support and Resistance Plot Chart for LB

Longer Term Trading Plans for LB

LB - (Long) Support Plan

Buy over 61.40 target 67.53 stop loss @ 61.22

LB - (Short) Resistance Plan

Short under 67.53, target 61.40, stop loss @ 67.73


LB Long Term Analysis for June 4 2021

Blue = Current Price
Red = Resistance
Green = Support

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