How the (LEG) price action is used to our Advantage
July 08, 2024, 23:28 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LEG
- Buy LEG slightly over 9.86 target 12.75 stop loss @ 9.83 Details
The technical summary data tells us to buy LEG near 9.86 with an upside target of 12.75. This data also tells us to set a stop loss @ 9.83 to protect against excessive loss in case the stock begins to move against the trade. 9.86 is the first level of support below 10.99 , and by rule, any test of support is a buy signal. In this case, support 9.86 would be being tested, so a buy signal would exist.
- Short LEG slightly under 12.75, target 9.86, stop loss @ 12.79 Details
The technical summary data is suggesting a short of LEG as it gets near 12.75 with a downside target of 9.86. We should have a stop loss in place at 12.79though. 12.75 is the first level of resistance above 10.99, and by rule, any test of resistance is a short signal. In this case, if resistance 12.75 is being tested, so a short signal would exist.
Swing Trading Plans for LEG
- Buy LEG slightly over 11.21, target 12.75, Stop Loss @ 11.18 Details
If 11.21 begins to break higher, the technical summary data tells us to buy LEG just slightly over 11.21, with an upside target of 12.75. The data also tells us to set a stop loss @ 11.18 in case the stock turns against the trade. 11.21 is the first level of resistance above 10.99, and by rule, any break above resistance is a buy signal. In this case, 11.21, 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 LEG slightly near 11.21, target 10.46, Stop Loss @ 11.24. Details
The technical summary data is suggesting a short of LEG if it tests 11.21 with a downside target of 10.46. We should have a stop loss in place at 11.24 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, 11.21, 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 LEG
- Buy LEG slightly over 11.21, target 12.75, Stop Loss @ 11.18 Details
If 11.21 begins to break higher, the technical summary data tells us to buy LEG just slightly over 11.21, with an upside target of 12.75. The data also tells us to set a stop loss @ 11.18 in case the stock turns against the trade. 11.21 is the first level of resistance above 10.99, and by rule, any break above resistance is a buy signal. In this case, 11.21, 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 LEG slightly near 11.21, target 10.95, Stop Loss @ 11.24. Details
The technical summary data is suggesting a short of LEG if it tests 11.21 with a downside target of 10.95. We should have a stop loss in place at 11.24 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, 11.21, 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 Leggett & Platt Incorporated (LEG) available here: LEG.
LEG Ratings for July 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
9.86 |
| P2 |
10.65 |
10.46 |
12.75 |
| P3 |
10.95 |
11.21 |
15.64 |
AI Generated Signals for LEG
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Leggett & Platt Incorporated (NYSE: LEG) data table below can help you with price action, and we have more details too. Trading plans for LEG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LEG:
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