How the (LCR) price action is used to our Advantage
June 01, 2024, 08:04 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LCR
- Buy LCR slightly over 32.58 target 33.45 stop loss @ 32.49 Details
The technical summary data tells us to buy LCR near 32.58 with an upside target of 33.45. This data also tells us to set a stop loss @ 32.49 to protect against excessive loss in case the stock begins to move against the trade. 32.58 is the first level of support below 33.38 , and by rule, any test of support is a buy signal. In this case, support 32.58 would be being tested, so a buy signal would exist.
- Short LCR slightly under 33.45, target 32.58, stop loss @ 33.55 Details
The technical summary data is suggesting a short of LCR as it gets near 33.45 with a downside target of 32.58. We should have a stop loss in place at 33.55though. 33.45 is the first level of resistance above 33.38, and by rule, any test of resistance is a short signal. In this case, if resistance 33.45 is being tested, so a short signal would exist.
Swing Trading Plans for LCR
- Buy LCR slightly over 33.45, target n/a, Stop Loss @ 33.35 Details
If 33.45 begins to break higher, the technical summary data tells us to buy LCR just slightly over 33.45, with an upside target of n/a. The data also tells us to set a stop loss @ 33.35 in case the stock turns against the trade. 33.45 is the first level of resistance above 33.38, and by rule, any break above resistance is a buy signal. In this case, 33.45, 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 LCR slightly near 33.45, target 32.58, Stop Loss @ 33.55. Details
The technical summary data is suggesting a short of LCR if it tests 33.45 with a downside target of 32.58. We should have a stop loss in place at 33.55 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, 33.45, 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 LCR
- Buy LCR slightly over 33.45, target 34.31, Stop Loss @ 33.37 Details
If 33.45 begins to break higher, the technical summary data tells us to buy LCR just slightly over 33.45, with an upside target of 34.31. The data also tells us to set a stop loss @ 33.37 in case the stock turns against the trade. 33.45 is the first level of resistance above 33.38, and by rule, any break above resistance is a buy signal. In this case, 33.45, 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 LCR slightly near 33.45, target 32.58, Stop Loss @ 33.53. Details
The technical summary data is suggesting a short of LCR if it tests 33.45 with a downside target of 32.58. We should have a stop loss in place at 33.53 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, 33.45, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Leuthold Core Etf (LCR) available here: LCR.
LCR Ratings for June 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
32.58 |
| P2 |
33.2 |
33.28 |
33.45 |
| P3 |
0 |
|
34.31 |
AI Generated Signals for LCR
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 Leuthold Core Etf (NYSE: LCR) data table below can help you with price action, and we have more details too. Trading plans for LCR 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 LCR:
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