pool adsManaging Risk in L Brands Inc LB by Using Price Action
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 |
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
Blue = Current Price
Red= Resistance
Green = Support
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