Trading Lee Enterprises Incorporated ($LEE) With Integrated Risk Controls
December 17, 2023, 02:40 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LEE
- Buy LEE slightly over 8.88 target 11.36 stop loss @ 8.85 Details
The technical summary data tells us to buy LEE near 8.88 with an upside target of 11.36. This data also tells us to set a stop loss @ 8.85 to protect against excessive loss in case the stock begins to move against the trade. 8.88 is the first level of support below 8.98 , and by rule, any test of support is a buy signal. In this case, support 8.88 is being tested, a buy signal would exist.
- Short LEE slightly under 11.36, target 8.88, stop loss @ 11.39 Details
The technical summary data is suggesting a short of LEE as it gets near 11.36 with a downside target of 8.88. We should have a stop loss in place at 11.39though. 11.36 is the first level of resistance above 8.98, and by rule, any test of resistance is a short signal. In this case, if resistance 11.36 is being tested, a short signal would exist.
Swing Trading Plans for LEE
- Buy LEE slightly over 11.36, target n/a, Stop Loss @ 11.33 Details
If 11.36 begins to break higher, the technical summary data tells us to buy LEE just slightly over 11.36, with an upside target of n/a. The data also tells us to set a stop loss @ 11.33 in case the stock turns against the trade. 11.36 is the first level of resistance above 8.98, and by rule, any break above resistance is a buy signal. In this case, 11.36, 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 LEE slightly near 11.36, target 8.88, Stop Loss @ 11.39. Details
The technical summary data is suggesting a short of LEE if it tests 11.36 with a downside target of 8.88. We should have a stop loss in place at 11.39 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, 11.36, 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 LEE
- Buy LEE slightly over 9, target 11.36, Stop Loss @ 8.98 Details
If 9 begins to break higher, the technical summary data tells us to buy LEE just slightly over 9, with an upside target of 11.36. The data also tells us to set a stop loss @ 8.98 in case the stock turns against the trade. 9 is the first level of resistance above 8.98, and by rule, any break above resistance is a buy signal. In this case, 9, 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 LEE slightly near 9, target 7.96, Stop Loss @ 9.02. Details
The technical summary data is suggesting a short of LEE if it tests 9 with a downside target of 7.96. We should have a stop loss in place at 9.02 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, 9, 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 Lee Enterprises Incorporated (LEE) available here: LEE.
LEE Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
6.7 |
| P2 |
8.64 |
7.96 |
8.88 |
| P3 |
9 |
8.81 |
11.36 |
AI Generated Signals for LEE
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for LEE:
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