How the (LEA) price action is used to our Advantage
April 22, 2024, 21:30 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LEA
- Buy LEA slightly over 127.53 target 137.83 stop loss @ 127.16 Details
The technical summary data tells us to buy LEA near 127.53 with an upside target of 137.83. This data also tells us to set a stop loss @ 127.16 to protect against excessive loss in case the stock begins to move against the trade. 127.53 is the first level of support below 134.12 , and by rule, any test of support is a buy signal. In this case, support 127.53 would be being tested, so a buy signal would exist.
- Short LEA slightly under 137.83, target 127.53, stop loss @ 138.23 Details
The technical summary data is suggesting a short of LEA as it gets near 137.83 with a downside target of 127.53. We should have a stop loss in place at 138.23though. 137.83 is the first level of resistance above 134.12, and by rule, any test of resistance is a short signal. In this case, if resistance 137.83 is being tested, so a short signal would exist.
Swing Trading Plans for LEA
- Buy LEA slightly over 137.83, target 148.12, Stop Loss @ 137.43 Details
If 137.83 begins to break higher, the technical summary data tells us to buy LEA just slightly over 137.83, with an upside target of 148.12. The data also tells us to set a stop loss @ 137.43 in case the stock turns against the trade. 137.83 is the first level of resistance above 134.12, and by rule, any break above resistance is a buy signal. In this case, 137.83, 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 LEA slightly near 137.83, target 131.45, Stop Loss @ 138.23. Details
The technical summary data is suggesting a short of LEA if it tests 137.83 with a downside target of 131.45. We should have a stop loss in place at 138.23 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, 137.83, 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 LEA
- Buy LEA slightly over 137.83, target 148.12, Stop Loss @ 137.51 Details
If 137.83 begins to break higher, the technical summary data tells us to buy LEA just slightly over 137.83, with an upside target of 148.12. The data also tells us to set a stop loss @ 137.51 in case the stock turns against the trade. 137.83 is the first level of resistance above 134.12, and by rule, any break above resistance is a buy signal. In this case, 137.83, 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 LEA slightly near 137.83, target 132.16, Stop Loss @ 138.15. Details
The technical summary data is suggesting a short of LEA if it tests 137.83 with a downside target of 132.16. We should have a stop loss in place at 138.15 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, 137.83, 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 Lear Corporation (LEA) available here: LEA.
LEA Ratings for April 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
127.53 |
| P2 |
130.6 |
127.58 |
137.83 |
| P3 |
132.16 |
131.45 |
148.12 |
AI Generated Signals for LEA
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 Lear Corporation (NYSE: LEA) data table below can help you with price action, and we have more details too. Trading plans for LEA 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 LEA:
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