When the Price of (LECO) Talks, People Listen

November 13, 2024, 14:00 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LECO

• Buy LECO near 193.37 target 220.35 stop loss @ 192.81 Details

The technical summary data tells us to buy LECO near 193.37 with an upside target of 220.35. This data also tells us to set a stop loss @ 192.81 to protect against excessive loss in case the stock begins to move against the trade. 193.37 is the first level of support below 213.24 , and by rule, any test of support is a buy signal. In this case, support 193.37 is being tested, a buy signal would exist.

• Short LECO slightly under 220.35, target 193.37, stop loss @ 220.99 Details

The technical summary data is suggesting a short of LECO as it gets near 220.35 with a downside target of 193.37. We should have a stop loss in place at 220.99though. 220.35 is the first level of resistance above 213.24, and by rule, any test of resistance is a short signal. In this case, if resistance 220.35 is being tested, a short signal would exist.

Swing Trading Plans for LECO

• Buy LECO slightly over 214.97, target 220.35, Stop Loss @ 214.35 Details

If 214.97 begins to break higher, the technical summary data tells us to buy LECO just slightly over 214.97, with an upside target of 220.35. The data also tells us to set a stop loss @ 214.35 in case the stock turns against the trade. 214.97 is the first level of resistance above 213.24, and by rule, any break above resistance is a buy signal. In this case, 214.97, 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 LECO slightly near 214.97, target 193.37, Stop Loss @ 215.59. Details

The technical summary data is suggesting a short of LECO if it tests 214.97 with a downside target of 193.37. We should have a stop loss in place at 215.59 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, 214.97, 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 LECO

• Buy LECO slightly over 213.88, target 214.97, Stop Loss @ 213.38 Details

If 213.88 begins to break higher, the technical summary data tells us to buy LECO just slightly over 213.88, with an upside target of 214.97. The data also tells us to set a stop loss @ 213.38 in case the stock turns against the trade. 213.88 is the first level of resistance above 213.24, and by rule, any break above resistance is a buy signal. In this case, 213.88, 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 LECO slightly near 213.88, target 193.37, Stop Loss @ 214.38. Details

The technical summary data is suggesting a short of LECO if it tests 213.88 with a downside target of 193.37. We should have a stop loss in place at 214.38 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, 213.88, 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 Lincoln Electric Holdings Inc. (LECO) available here: LECO.

LECO Ratings for November 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	167.09
P2	213.88	214.97	193.37
P3	216.64	225.08	220.35

AI Generated Signals for LECO

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lincoln Electric Holdings Inc. (NASDAQ: LECO) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LECO can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.