When (LEA) Moves Investors should Listen
October 01, 2024, 10:44 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LEA
- Buy LEA near 104.29 target 114.14 stop loss @ 103.99 Details
The technical summary data tells us to buy LEA near 104.29 with an upside target of 114.14. This data also tells us to set a stop loss @ 103.99 to protect against excessive loss in case the stock begins to move against the trade. 104.29 is the first level of support below 107.365 , and by rule, any test of support is a buy signal. In this case, support 104.29 would be being tested, so a buy signal would exist.
- Short LEA slightly under 114.14, target 104.29, stop loss @ 114.47 Details
The technical summary data is suggesting a short of LEA as it gets near 114.14 with a downside target of 104.29. We should have a stop loss in place at 114.47though. 114.14 is the first level of resistance above 107.365, and by rule, any test of resistance is a short signal. In this case, if resistance 114.14 is being tested, so a short signal would exist.
Swing Trading Plans for LEA
- Buy LEA slightly over 109.66, target 113.6, Stop Loss @ 109.34 Details
If 109.66 begins to break higher, the technical summary data tells us to buy LEA just slightly over 109.66, with an upside target of 113.6. The data also tells us to set a stop loss @ 109.34 in case the stock turns against the trade. 109.66 is the first level of resistance above 107.365, and by rule, any break above resistance is a buy signal. In this case, 109.66, 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 109.66, target 104.29, Stop Loss @ 109.98. Details
The technical summary data is suggesting a short of LEA if it tests 109.66 with a downside target of 104.29. We should have a stop loss in place at 109.98 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, 109.66, 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 109.46, target 109.66, Stop Loss @ 109.2 Details
If 109.46 begins to break higher, the technical summary data tells us to buy LEA just slightly over 109.46, with an upside target of 109.66. The data also tells us to set a stop loss @ 109.2 in case the stock turns against the trade. 109.46 is the first level of resistance above 107.365, and by rule, any break above resistance is a buy signal. In this case, 109.46, 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 109.46, target 104.29, Stop Loss @ 109.72. Details
The technical summary data is suggesting a short of LEA if it tests 109.46 with a downside target of 104.29. We should have a stop loss in place at 109.72 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, 109.46, 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 October 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
104.29 |
| P2 |
109.46 |
109.66 |
114.14 |
| P3 |
113.23 |
113.6 |
123.76 |
AI Generated Signals for LEA
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 Lear Corporation (NYSE: LEA) report below is a real world example. Included are trading plans for LEA, 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 LEA:
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