How the (LNW) price action is used to our Advantage
July 12, 2024, 21:44 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LNW
- Buy LNW slightly over 102.09 target 110.38 stop loss @ 101.8 Details
The technical summary data tells us to buy LNW near 102.09 with an upside target of 110.38. This data also tells us to set a stop loss @ 101.8 to protect against excessive loss in case the stock begins to move against the trade. 102.09 is the first level of support below 108.3 , and by rule, any test of support is a buy signal. In this case, support 102.09 is being tested, a buy signal would exist.
- Short LNW slightly under 110.38, target 102.09, stop loss @ 110.7 Details
The technical summary data is suggesting a short of LNW as it gets near 110.38 with a downside target of 102.09. We should have a stop loss in place at 110.7though. 110.38 is the first level of resistance above 108.3, and by rule, any test of resistance is a short signal. In this case, if resistance 110.38 is being tested, a short signal would exist.
Swing Trading Plans for LNW
- Buy LNW slightly over 110.38, target n/a, Stop Loss @ 110.06 Details
If 110.38 begins to break higher, the technical summary data tells us to buy LNW just slightly over 110.38, with an upside target of n/a. The data also tells us to set a stop loss @ 110.06 in case the stock turns against the trade. 110.38 is the first level of resistance above 108.3, and by rule, any break above resistance is a buy signal. In this case, 110.38, 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 LNW slightly near 110.38, target 107.03, Stop Loss @ 110.7. Details
The technical summary data is suggesting a short of LNW if it tests 110.38 with a downside target of 107.03. We should have a stop loss in place at 110.7 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, 110.38, 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 LNW
- Buy LNW slightly over 110.38, target n/a, Stop Loss @ 110.12 Details
If 110.38 begins to break higher, the technical summary data tells us to buy LNW just slightly over 110.38, with an upside target of n/a. The data also tells us to set a stop loss @ 110.12 in case the stock turns against the trade. 110.38 is the first level of resistance above 108.3, and by rule, any break above resistance is a buy signal. In this case, 110.38, 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 LNW slightly near 110.38, target 107.23, Stop Loss @ 110.64. Details
The technical summary data is suggesting a short of LNW if it tests 110.38 with a downside target of 107.23. We should have a stop loss in place at 110.64 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, 110.38, 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 Light & Wonder Inc. (LNW) available here: LNW.
LNW Ratings for July 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
93.76 |
| P2 |
106.01 |
103.97 |
102.09 |
| P3 |
107.23 |
107.03 |
110.38 |
AI Generated Signals for LNW
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 Light & Wonder Inc. (NYSE: LNW) data table below can help you with price action, and we have more details too. Trading plans for LNW 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 LNW:
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