How the price action of Lancaster Colony (LANC) is used to our Advantage
January 26, 2022, 09:15 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
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
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for LANC: