How To Trade (LGND)

October 01, 2024, 11:12 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LGND

• Buy LGND near 94.01 target 102.97 stop loss @ 93.74 Details

The technical summary data tells us to buy LGND near 94.01 with an upside target of 102.97. This data also tells us to set a stop loss @ 93.74 to protect against excessive loss in case the stock begins to move against the trade. 94.01 is the first level of support below 99.54 , and by rule, any test of support is a buy signal. In this case, support 94.01 would be being tested, so a buy signal would exist.

• Short LGND slightly under 102.97, target 94.01, stop loss @ 103.27 Details

The technical summary data is suggesting a short of LGND as it gets near 102.97 with a downside target of 94.01. We should have a stop loss in place at 103.27though. 102.97 is the first level of resistance above 99.54, and by rule, any test of resistance is a short signal. In this case, if resistance 102.97 is being tested, so a short signal would exist.

Swing Trading Plans for LGND

• Buy LGND slightly over 99.56, target 102.97, Stop Loss @ 99.27 Details

If 99.56 begins to break higher, the technical summary data tells us to buy LGND just slightly over 99.56, with an upside target of 102.97. The data also tells us to set a stop loss @ 99.27 in case the stock turns against the trade. 99.56 is the first level of resistance above 99.54, and by rule, any break above resistance is a buy signal. In this case, 99.56, 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 99.56, target 96.23, Stop Loss @ 99.85. Details

The technical summary data is suggesting a short of LGND if it tests 99.56 with a downside target of 96.23. We should have a stop loss in place at 99.85 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, 99.56, 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 99.56, target 100, Stop Loss @ 99.33 Details

If 99.56 begins to break higher, the technical summary data tells us to buy LGND just slightly over 99.56, with an upside target of 100. The data also tells us to set a stop loss @ 99.33 in case the stock turns against the trade. 99.56 is the first level of resistance above 99.54, and by rule, any break above resistance is a buy signal. In this case, 99.56, 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 99.56, target 98.37, Stop Loss @ 99.79. Details

The technical summary data is suggesting a short of LGND if it tests 99.56 with a downside target of 98.37. We should have a stop loss in place at 99.79 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, 99.56, 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 October 01:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	94.01
P2	98.37	96.23	102.97
P3	100	99.56	112.95

AI Generated Signals for LGND

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This report provides trading strategies for Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LGND change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LGND is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LGND too.  All of these are offered below the Summary Table.