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How the price action of Lancaster Colony (LANC) is used to our Advantage

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  Lancaster Colony (NASDAQ: LANC) data table below can help you with price action, and we have more details too. Trading plans for LANC 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.

Longer Term Trading Plans for LANC
  • Buy LANC slightly over 157.63 target 171.44 stop loss @ 157.17 Details
  • The technical summary data tells us to buy LANC near 157.63 with an upside target of 171.44. This data also tells us to set a stop loss @ 157.17 to protect against excessive loss in case the stock begins to move against the trade. 157.63 is the first level of support below 161.03 , and by rule, any test of support is a buy signal. In this case, support 157.63 would be being tested, so a buy signal would exist.

  • Short LANC under 171.44, target 157.63, stop loss @ 171.94 Details
  • The technical summary data is suggesting a short of LANC as it gets near 171.44 with a downside target of 157.63. We should have a stop loss in place at 171.94though. 171.44 is the first level of resistance above 161.03, and by rule, any test of resistance is a short signal. In this case, if resistance 171.44 is being tested, so a short signal would exist.

Swing Trading Plans for LANC
  • Buy LANC slightly over 161.23, target 166.18, Stop Loss @ 160.76 Details
  • If 161.23 begins to break higher, the technical summary data tells us to buy LANC just slightly over 161.23, with an upside target of 166.18. The data also tells us to set a stop loss @ 160.76 in case the stock turns against the trade. 161.23 is the first level of resistance above 161.03, and by rule, any break above resistance is a buy signal. In this case, 161.23, 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 LANC near 161.23, target 157.63, Stop Loss @ 161.7. Details
  • The technical summary data is suggesting a short of LANC if it tests 161.23 with a downside target of 157.63. We should have a stop loss in place at 161.7 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, 161.23, 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 LANC
  • Buy LANC slightly over 161.23, target 162.42, Stop Loss @ 160.85 Details
  • If 161.23 begins to break higher, the technical summary data tells us to buy LANC just slightly over 161.23, with an upside target of 162.42. The data also tells us to set a stop loss @ 160.85 in case the stock turns against the trade. 161.23 is the first level of resistance above 161.03, and by rule, any break above resistance is a buy signal. In this case, 161.23, 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 LANC near 161.23, target 159.71, Stop Loss @ 161.61. Details
  • The technical summary data is suggesting a short of LANC if it tests 161.23 with a downside target of 159.71. We should have a stop loss in place at 161.61 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, 161.23, 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.

LANC Ratings for January 26:

Term →Near Mid Long
Rating Neutral Strong Neutral
P1 0 0 157.63
P2 159.71 161.23 171.44
P3 162.42 166.18 184.35
Triggers may have already come
Support and Resistance Plot Chart for LANC

LANC Long Term Analysis for January 26 2022

Blue = Current Price
Red= Resistance
Green = Support

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