How the (LGIH) price action is used to our Advantage
November 13, 2024, 14:20 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LGIH
- Buy LGIH near 100.4 target 115.51 stop loss @ 100.11 Details
The technical summary data tells us to buy LGIH near 100.4 with an upside target of 115.51. This data also tells us to set a stop loss @ 100.11 to protect against excessive loss in case the stock begins to move against the trade. 100.4 is the first level of support below 104.09 , and by rule, any test of support is a buy signal. In this case, support 100.4 is being tested, a buy signal would exist.
- Short LGIH slightly under 115.51, target 100.4, stop loss @ 115.84 Details
The technical summary data is suggesting a short of LGIH as it gets near 115.51 with a downside target of 100.4. We should have a stop loss in place at 115.84though. 115.51 is the first level of resistance above 104.09, and by rule, any test of resistance is a short signal. In this case, if resistance 115.51 is being tested, a short signal would exist.
Swing Trading Plans for LGIH
- Buy LGIH slightly over 107.18, target 112.79, Stop Loss @ 106.87 Details
If 107.18 begins to break higher, the technical summary data tells us to buy LGIH just slightly over 107.18, with an upside target of 112.79. The data also tells us to set a stop loss @ 106.87 in case the stock turns against the trade. 107.18 is the first level of resistance above 104.09, and by rule, any break above resistance is a buy signal. In this case, 107.18, 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 LGIH slightly near 107.18, target 100.4, Stop Loss @ 107.49. Details
The technical summary data is suggesting a short of LGIH if it tests 107.18 with a downside target of 100.4. We should have a stop loss in place at 107.49 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, 107.18, 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 LGIH
- Buy LGIH slightly over 105.44, target 107.18, Stop Loss @ 105.19 Details
If 105.44 begins to break higher, the technical summary data tells us to buy LGIH just slightly over 105.44, with an upside target of 107.18. The data also tells us to set a stop loss @ 105.19 in case the stock turns against the trade. 105.44 is the first level of resistance above 104.09, and by rule, any break above resistance is a buy signal. In this case, 105.44, 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 LGIH slightly near 105.44, target 100.4, Stop Loss @ 105.69. Details
The technical summary data is suggesting a short of LGIH if it tests 105.44 with a downside target of 100.4. We should have a stop loss in place at 105.69 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, 105.44, 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 Lgi Homes Inc. (LGIH) available here: LGIH.
LGIH Ratings for November 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
85.91 |
| P2 |
105.44 |
107.18 |
100.4 |
| P3 |
108.74 |
112.79 |
115.51 |
AI Generated Signals for LGIH
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Lgi Homes Inc. (NASDAQ: LGIH) data table below can help you with price action, and we have more details too. Trading plans for LGIH 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 LGIH:
pool ads
