When (LNW) Moves Investors should Listen
May 12, 2024, 11:14 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LNW
- Buy LNW slightly over 90.1 target 98.03 stop loss @ 89.84 Details
The technical summary data tells us to buy LNW near 90.1 with an upside target of 98.03. This data also tells us to set a stop loss @ 89.84 to protect against excessive loss in case the stock begins to move against the trade. 90.1 is the first level of support below 91.46 , and by rule, any test of support is a buy signal. In this case, support 90.1 would be being tested, so a buy signal would exist.
- Short LNW slightly under 98.03, target 90.1, stop loss @ 98.31 Details
The technical summary data is suggesting a short of LNW as it gets near 98.03 with a downside target of 90.1. We should have a stop loss in place at 98.31though. 98.03 is the first level of resistance above 91.46, and by rule, any test of resistance is a short signal. In this case, if resistance 98.03 is being tested, so a short signal would exist.
Swing Trading Plans for LNW
- Buy LNW slightly over 96.83, target 98.03, Stop Loss @ 96.55 Details
If 96.83 begins to break higher, the technical summary data tells us to buy LNW just slightly over 96.83, with an upside target of 98.03. The data also tells us to set a stop loss @ 96.55 in case the stock turns against the trade. 96.83 is the first level of resistance above 91.46, and by rule, any break above resistance is a buy signal. In this case, 96.83, 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 LNW slightly near 96.83, target 91.36, Stop Loss @ 97.11. Details
The technical summary data is suggesting a short of LNW if it tests 96.83 with a downside target of 91.36. We should have a stop loss in place at 97.11 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, 96.83, 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 LNW
- Buy LNW slightly over 93.24, target 96.83, Stop Loss @ 93.02 Details
If 93.24 begins to break higher, the technical summary data tells us to buy LNW just slightly over 93.24, with an upside target of 96.83. The data also tells us to set a stop loss @ 93.02 in case the stock turns against the trade. 93.24 is the first level of resistance above 91.46, and by rule, any break above resistance is a buy signal. In this case, 93.24, 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 LNW slightly near 93.24, target 91.36, Stop Loss @ 93.46. Details
The technical summary data is suggesting a short of LNW if it tests 93.24 with a downside target of 91.36. We should have a stop loss in place at 93.46 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, 93.24, 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 Light & Wonder Inc. (LNW) available here: LNW.
LNW Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
90.1 |
| P2 |
88.93 |
91.36 |
98.03 |
| P3 |
93.24 |
96.83 |
105.83 |
AI Generated Signals for LNW
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 Light & Wonder Inc. (NYSE: LNW) report below is a real world example. Included are trading plans for LNW, 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 LNW:
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