When (LGND) Moves Investors should Listen
November 24, 2024, 06:28 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LGND
- Buy LGND near 110.99 target 122.43 stop loss @ 110.67 Details
The technical summary data tells us to buy LGND near 110.99 with an upside target of 122.43. This data also tells us to set a stop loss @ 110.67 to protect against excessive loss in case the stock begins to move against the trade. 110.99 is the first level of support below 119.19 , and by rule, any test of support is a buy signal. In this case, support 110.99 is being tested, a buy signal would exist.
- Short LGND slightly under 122.43, target 110.99, stop loss @ 122.78 Details
The technical summary data is suggesting a short of LGND as it gets near 122.43 with a downside target of 110.99. We should have a stop loss in place at 122.78though. 122.43 is the first level of resistance above 119.19, and by rule, any test of resistance is a short signal. In this case, if resistance 122.43 is being tested, a short signal would exist.
Swing Trading Plans for LGND
- Buy LGND slightly over 122.43, target n/a, Stop Loss @ 122.08 Details
If 122.43 begins to break higher, the technical summary data tells us to buy LGND just slightly over 122.43, with an upside target of n/a. The data also tells us to set a stop loss @ 122.08 in case the stock turns against the trade. 122.43 is the first level of resistance above 119.19, and by rule, any break above resistance is a buy signal. In this case, 122.43, 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 122.43, target 115.81, Stop Loss @ 122.78. Details
The technical summary data is suggesting a short of LGND if it tests 122.43 with a downside target of 115.81. We should have a stop loss in place at 122.78 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, 122.43, 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 122.43, target n/a, Stop Loss @ 122.14 Details
If 122.43 begins to break higher, the technical summary data tells us to buy LGND just slightly over 122.43, with an upside target of n/a. The data also tells us to set a stop loss @ 122.14 in case the stock turns against the trade. 122.43 is the first level of resistance above 119.19, and by rule, any break above resistance is a buy signal. In this case, 122.43, 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 122.43, target 116.14, Stop Loss @ 122.72. Details
The technical summary data is suggesting a short of LGND if it tests 122.43 with a downside target of 116.14. We should have a stop loss in place at 122.72 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, 122.43, 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 November 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
101 |
| P2 |
112.3 |
107.53 |
110.99 |
| P3 |
116.14 |
115.81 |
122.43 |
AI Generated Signals for LGND
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) report below is a real world example. Included are trading plans for LGND, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LGND:
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