When Invalid Iqfeed Symbol (LB) Moves Investors should Listen

September 01, 2021, 13:15 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Invalid Iqfeed Symbol (NYSE: LB) report below is a real world example. Included are trading plans for LB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for LB

• Buy LB slightly over 75.02 target 81.28 stop loss @ 74.8 Details

The technical summary data tells us to buy LB near 75.02 with an upside target of 81.28. This data also tells us to set a stop loss @ 74.8 to protect against excessive loss in case the stock begins to move against the trade. 75.02 is the first level of support below 79.92 , and by rule, any test of support is a buy signal. In this case, support 75.02 is being tested, a buy signal would exist.

• Short LB under 81.28, target 75.02, stop loss @ 81.51 Details

The technical summary data is suggesting a short of LB as it gets near 81.28 with a downside target of 75.02. We should have a stop loss in place at 81.51though. 81.28 is the first level of resistance above 79.92, and by rule, any test of resistance is a short signal. In this case, if resistance 81.28 is being tested, a short signal would exist.

Swing Trading Plans for LB

• Buy LB slightly over 81.28, target 82.12, Stop Loss @ 81.05 Details

If 81.28 begins to break higher, the technical summary data tells us to buy LB just slightly over 81.28, with an upside target of 82.12. The data also tells us to set a stop loss @ 81.05 in case the stock turns against the trade. 81.28 is the first level of resistance above 79.92, and by rule, any break above resistance is a buy signal. In this case, 81.28, 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 LB near 81.28, target 79.07, Stop Loss @ 81.51. Details

The technical summary data is suggesting a short of LB if it tests 81.28 with a downside target of 79.07. We should have a stop loss in place at 81.51 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, 81.28, 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 LB

• Buy LB slightly over 80.13, target 81.28, Stop Loss @ 79.94 Details

If 80.13 begins to break higher, the technical summary data tells us to buy LB just slightly over 80.13, with an upside target of 81.28. The data also tells us to set a stop loss @ 79.94 in case the stock turns against the trade. 80.13 is the first level of resistance above 79.92, and by rule, any break above resistance is a buy signal. In this case, 80.13, 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 LB near 80.13, target 79.07, Stop Loss @ 80.32. Details

The technical summary data is suggesting a short of LB if it tests 80.13 with a downside target of 79.07. We should have a stop loss in place at 80.32 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, 80.13, 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.

LB Ratings for September 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	68.54
P2	80.13	79.07	75.02
P3	81.93	82.12	81.28

Support and Resistance Plot Chart for LB

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