When (LEN.B) Moves Investors should Listen
August 18, 2024, 02:18 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LEN.B
- Buy LEN.B slightly over 146.57 target 160.45 stop loss @ 146.15 Details
The technical summary data tells us to buy LEN.B near 146.57 with an upside target of 160.45. This data also tells us to set a stop loss @ 146.15 to protect against excessive loss in case the stock begins to move against the trade. 146.57 is the first level of support below 159.61 , and by rule, any test of support is a buy signal. In this case, support 146.57 would be being tested, so a buy signal would exist.
- Short LEN.B slightly under 160.45, target 146.57, stop loss @ 160.91 Details
The technical summary data is suggesting a short of LEN.B as it gets near 160.45 with a downside target of 146.57. We should have a stop loss in place at 160.91though. 160.45 is the first level of resistance above 159.61, and by rule, any test of resistance is a short signal. In this case, if resistance 160.45 is being tested, so a short signal would exist.
Swing Trading Plans for LEN.B
- Buy LEN.B slightly over 160.45, target 174.22, Stop Loss @ 159.99 Details
If 160.45 begins to break higher, the technical summary data tells us to buy LEN.B just slightly over 160.45, with an upside target of 174.22. The data also tells us to set a stop loss @ 159.99 in case the stock turns against the trade. 160.45 is the first level of resistance above 159.61, and by rule, any break above resistance is a buy signal. In this case, 160.45, 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 LEN.B slightly near 160.45, target 158.87, Stop Loss @ 160.91. Details
The technical summary data is suggesting a short of LEN.B if it tests 160.45 with a downside target of 158.87. We should have a stop loss in place at 160.91 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, 160.45, 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 LEN.B
- Buy LEN.B slightly over 160, target 160.45, Stop Loss @ 159.63 Details
If 160 begins to break higher, the technical summary data tells us to buy LEN.B just slightly over 160, with an upside target of 160.45. The data also tells us to set a stop loss @ 159.63 in case the stock turns against the trade. 160 is the first level of resistance above 159.61, and by rule, any break above resistance is a buy signal. In this case, 160, 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 LEN.B slightly near 160, target 158.87, Stop Loss @ 160.37. Details
The technical summary data is suggesting a short of LEN.B if it tests 160 with a downside target of 158.87. We should have a stop loss in place at 160.37 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, 160, 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 Lennar Corporation Class B (LEN.B) available here: LEN.B.
LEN.B Ratings for August 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
146.57 |
| P2 |
158.36 |
154.58 |
160.45 |
| P3 |
160 |
158.87 |
174.22 |
AI Generated Signals for LEN.B
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 Lennar Corporation Class B (NASDAQ: LEN.B) report below is a real world example. Included are trading plans for LEN.B, 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 LEN.B:
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