Trading Littelfuse $LFUS With Integrated Risk Controls

October 27, 2023, 05:30 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LFUS

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short LFUS slightly under 250.69, target n/a, stop loss @ 251.41 Details

The technical summary data is suggesting a short of LFUS as it gets near 250.69, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 251.41. 250.69 is the first level of resistance above 218.32, and by rule, any test of resistance is a short signal. In this case, if resistance 250.69 is being tested, so a short signal would exist.

Swing Trading Plans for LFUS

• Buy LFUS slightly over 223.74, target 250.69, Stop Loss @ 223.09 Details

If 223.74 begins to break higher, the technical summary data tells us to buy LFUS just slightly over 223.74, with an upside target of 250.69. The data also tells us to set a stop loss @ 223.09 in case the stock turns against the trade. 223.74 is the first level of resistance above 218.32, and by rule, any break above resistance is a buy signal. In this case, 223.74, 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 LFUS slightly near 223.74, target 216.55, Stop Loss @ 224.39. Details

The technical summary data is suggesting a short of LFUS if it tests 223.74 with a downside target of 216.55. We should have a stop loss in place at 224.39 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, 223.74, 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 LFUS

• Buy LFUS slightly over 220.94, target 223.74, Stop Loss @ 220.42 Details

If 220.94 begins to break higher, the technical summary data tells us to buy LFUS just slightly over 220.94, with an upside target of 223.74. The data also tells us to set a stop loss @ 220.42 in case the stock turns against the trade. 220.94 is the first level of resistance above 218.32, and by rule, any break above resistance is a buy signal. In this case, 220.94, 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 LFUS slightly near 220.94, target 216.55, Stop Loss @ 221.46. Details

The technical summary data is suggesting a short of LFUS if it tests 220.94 with a downside target of 216.55. We should have a stop loss in place at 221.46 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, 220.94, 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 Littelfuse (LFUS) available here: LFUS.

LFUS Ratings for October 27:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	250.69
P2	215.01	216.55	275.08
P3	220.94	223.74	300.32

AI Generated Signals for LFUS

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Littelfuse (NASDAQ: LFUS) report below can help you, but we have more details too. The trading plans for LFUS, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.