When Lincoln National (LNC) Moves Investors should Listen

February 19, 2022, 15:45 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Lincoln National (NYSE: LNC) report below is a real world example. Included are trading plans for LNC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for LNC

• Buy LNC slightly over 66.30 target 72.28 stop loss @ 66.11 Details

The technical summary data tells us to buy LNC near 66.30 with an upside target of 72.28. This data also tells us to set a stop loss @ 66.11 to protect against excessive loss in case the stock begins to move against the trade. 66.30 is the first level of support below 69.65 , and by rule, any test of support is a buy signal. In this case, support 66.30 would be being tested, so a buy signal would exist.

• Short LNC under 72.28, target 66.30, stop loss @ 72.49 Details

The technical summary data is suggesting a short of LNC as it gets near 72.28 with a downside target of 66.30. We should have a stop loss in place at 72.49though. 72.28 is the first level of resistance above 69.65, and by rule, any test of resistance is a short signal. In this case, if resistance 72.28 is being tested, so a short signal would exist.

Swing Trading Plans for LNC

• Buy LNC slightly over 71.70, target 72.28, Stop Loss @ 71.49 Details

If 71.70 begins to break higher, the technical summary data tells us to buy LNC just slightly over 71.70, with an upside target of 72.28. The data also tells us to set a stop loss @ 71.49 in case the stock turns against the trade. 71.70 is the first level of resistance above 69.65, and by rule, any break above resistance is a buy signal. In this case, 71.70, 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 LNC near 71.70, target 66.30, Stop Loss @ 71.91. Details

The technical summary data is suggesting a short of LNC if it tests 71.70 with a downside target of 66.30. We should have a stop loss in place at 71.91 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, 71.70, 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 LNC

• Buy LNC slightly over 70.64, target 71.70, Stop Loss @ 70.48 Details

If 70.64 begins to break higher, the technical summary data tells us to buy LNC just slightly over 70.64, with an upside target of 71.70. The data also tells us to set a stop loss @ 70.48 in case the stock turns against the trade. 70.64 is the first level of resistance above 69.65, and by rule, any break above resistance is a buy signal. In this case, 70.64, 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 LNC near 70.64, target 66.30, Stop Loss @ 70.8. Details

The technical summary data is suggesting a short of LNC if it tests 70.64 with a downside target of 66.30. We should have a stop loss in place at 70.8 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, 70.64, 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.

LNC Ratings for February 19:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	66.30
P2	70.64	71.70	72.28
P3	73.03	75.06	78.19

Support and Resistance Plot Chart for LNC

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