How the (LGND) price action is used to our Advantage
May 02, 2024, 15:58 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LGND
- Buy LGND slightly over 70.25 target 81.25 stop loss @ 70.05 Details
The technical summary data tells us to buy LGND near 70.25 with an upside target of 81.25. This data also tells us to set a stop loss @ 70.05 to protect against excessive loss in case the stock begins to move against the trade. 70.25 is the first level of support below 72.085 , and by rule, any test of support is a buy signal. In this case, support 70.25 is being tested, a buy signal would exist.
- Short LGND slightly under 81.25, target 70.25, stop loss @ 81.48 Details
The technical summary data is suggesting a short of LGND as it gets near 81.25 with a downside target of 70.25. We should have a stop loss in place at 81.48though. 81.25 is the first level of resistance above 72.085, and by rule, any test of resistance is a short signal. In this case, if resistance 81.25 is being tested, a short signal would exist.
Swing Trading Plans for LGND
- Buy LGND slightly over 81.25, target n/a, Stop Loss @ 81.02 Details
If 81.25 begins to break higher, the technical summary data tells us to buy LGND just slightly over 81.25, with an upside target of n/a. The data also tells us to set a stop loss @ 81.02 in case the stock turns against the trade. 81.25 is the first level of resistance above 72.085, and by rule, any break above resistance is a buy signal. In this case, 81.25, 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 LGND slightly near 81.25, target 70.56, Stop Loss @ 81.48. Details
The technical summary data is suggesting a short of LGND if it tests 81.25 with a downside target of 70.56. We should have a stop loss in place at 81.48 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, 81.25, 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 LGND
- Buy LGND slightly over 81.25, target n/a, Stop Loss @ 81.06 Details
If 81.25 begins to break higher, the technical summary data tells us to buy LGND just slightly over 81.25, with an upside target of n/a. The data also tells us to set a stop loss @ 81.06 in case the stock turns against the trade. 81.25 is the first level of resistance above 72.085, and by rule, any break above resistance is a buy signal. In this case, 81.25, 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 LGND slightly near 81.25, target 71.38, Stop Loss @ 81.44. Details
The technical summary data is suggesting a short of LGND if it tests 81.25 with a downside target of 71.38. We should have a stop loss in place at 81.44 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, 81.25, 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 Ligand Pharmaceuticals Incorporated (LGND) available here: LGND.
LGND Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
60.33 |
| P2 |
70.05 |
65.51 |
70.25 |
| P3 |
71.38 |
70.56 |
81.25 |
AI Generated Signals for LGND
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 Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) data table below can help you with price action, and we have more details too. Trading plans for LGND 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 LGND:
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