Learn to Evaluate (LKQ) using the Charts

January 20, 2024, 09:04 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LKQ

• Buy LKQ slightly over 46.34 target 49.4 stop loss @ 46.21 Details

The technical summary data tells us to buy LKQ near 46.34 with an upside target of 49.4. This data also tells us to set a stop loss @ 46.21 to protect against excessive loss in case the stock begins to move against the trade. 46.34 is the first level of support below 47.38 , and by rule, any test of support is a buy signal. In this case, support 46.34 is being tested, a buy signal would exist.

• Short LKQ slightly under 49.4, target 46.34, stop loss @ 49.54 Details

The technical summary data is suggesting a short of LKQ as it gets near 49.4 with a downside target of 46.34. We should have a stop loss in place at 49.54though. 49.4 is the first level of resistance above 47.38, and by rule, any test of resistance is a short signal. In this case, if resistance 49.4 is being tested, a short signal would exist.

Swing Trading Plans for LKQ

• Buy LKQ slightly over 47.43, target 49.4, Stop Loss @ 47.29 Details

If 47.43 begins to break higher, the technical summary data tells us to buy LKQ just slightly over 47.43, with an upside target of 49.4. The data also tells us to set a stop loss @ 47.29 in case the stock turns against the trade. 47.43 is the first level of resistance above 47.38, and by rule, any break above resistance is a buy signal. In this case, 47.43, 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 LKQ slightly near 47.43, target 46.61, Stop Loss @ 47.57. Details

The technical summary data is suggesting a short of LKQ if it tests 47.43 with a downside target of 46.61. We should have a stop loss in place at 47.57 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, 47.43, 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 LKQ

• Buy LKQ slightly over 47.43, target 49.4, Stop Loss @ 47.32 Details

If 47.43 begins to break higher, the technical summary data tells us to buy LKQ just slightly over 47.43, with an upside target of 49.4. The data also tells us to set a stop loss @ 47.32 in case the stock turns against the trade. 47.43 is the first level of resistance above 47.38, and by rule, any break above resistance is a buy signal. In this case, 47.43, 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 LKQ slightly near 47.43, target 46.89, Stop Loss @ 47.54. Details

The technical summary data is suggesting a short of LKQ if it tests 47.43 with a downside target of 46.89. We should have a stop loss in place at 47.54 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, 47.43, 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  Lkq Corporation (LKQ) available here: LKQ.

LKQ Ratings for January 20:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	43.11
P2	46.89	46.61	46.34
P3	47.38	47.43	49.4

AI Generated Signals for LKQ

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Lkq Corporation (NYSE: LKQ) report below can help you understand how to do this. The trading plans for LKQ, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.